Manchester United plc (NYSE:MANU - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.28 and last traded at $12.40, with a volume of 49541 shares. The stock had previously closed at $12.71.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MANU. StockNews.com raised Manchester United to a "sell" rating in a report on Tuesday, January 21st. UBS Group began coverage on Manchester United in a research report on Tuesday, December 17th. They issued a "buy" rating and a $23.00 price target on the stock.
Read Our Latest Analysis on Manchester United
Manchester United Price Performance
The stock has a market capitalization of $2.32 billion, a P/E ratio of -13.43 and a beta of 0.64. The company's 50 day simple moving average is $14.16 and its two-hundred day simple moving average is $15.82. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.41 and a quick ratio of 0.35.
Manchester United (NYSE:MANU - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. The business had revenue of $254.62 million for the quarter, compared to the consensus estimate of $248.15 million. As a group, equities analysts expect that Manchester United plc will post -0.74 EPS for the current fiscal year.
Institutional Trading of Manchester United
A number of hedge funds and other institutional investors have recently made changes to their positions in MANU. EverSource Wealth Advisors LLC grew its holdings in Manchester United by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock worth $37,000 after acquiring an additional 1,188 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Manchester United by 55.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock valued at $37,000 after purchasing an additional 758 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after purchasing an additional 1,883 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Manchester United in the fourth quarter valued at approximately $130,000. Finally, Quantbot Technologies LP bought a new position in Manchester United in the 4th quarter worth approximately $156,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.
About Manchester United
(
Get Free Report)
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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