Manchester United plc (NYSE:MANU - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.05 and last traded at $13.15, with a volume of 28157 shares changing hands. The stock had previously closed at $13.43.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. StockNews.com upgraded Manchester United to a "sell" rating in a research report on Tuesday, January 21st. UBS Group assumed coverage on shares of Manchester United in a research report on Tuesday, December 17th. They set a "buy" rating and a $23.00 price objective on the stock.
Get Our Latest Stock Analysis on MANU
Manchester United Stock Performance
The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. The business has a 50 day moving average price of $14.64 and a 200 day moving average price of $16.00. The stock has a market cap of $2.15 billion, a P/E ratio of -12.44 and a beta of 0.64.
Manchester United (NYSE:MANU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $254.62 million for the quarter, compared to the consensus estimate of $248.15 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. As a group, sell-side analysts expect that Manchester United plc will post -0.74 EPS for the current year.
Institutional Investors Weigh In On Manchester United
Several large investors have recently added to or reduced their stakes in MANU. JPMorgan Chase & Co. increased its position in shares of Manchester United by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company's stock worth $960,000 after acquiring an additional 16,991 shares during the period. Janus Henderson Group PLC increased its holdings in Manchester United by 24.5% during the 3rd quarter. Janus Henderson Group PLC now owns 614,965 shares of the company's stock worth $9,950,000 after purchasing an additional 121,211 shares during the period. Lancaster Investment Management raised its position in Manchester United by 45.2% during the 4th quarter. Lancaster Investment Management now owns 816,351 shares of the company's stock valued at $14,164,000 after purchasing an additional 254,280 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Manchester United in the 3rd quarter worth $209,000. Finally, Blue Trust Inc. grew its position in shares of Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock worth $58,000 after buying an additional 1,883 shares in the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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