Manchester United plc (NYSE:MANU - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.42 and last traded at $13.61, with a volume of 43778 shares changing hands. The stock had previously closed at $13.79.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. StockNews.com raised shares of Manchester United to a "sell" rating in a research note on Tuesday, January 21st. UBS Group assumed coverage on shares of Manchester United in a report on Tuesday, December 17th. They issued a "buy" rating and a $23.00 target price for the company.
Get Our Latest Stock Report on MANU
Manchester United Stock Performance
The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -13.45 and a beta of 0.66. 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 stock has a fifty day moving average price of $15.49 and a 200-day moving average price of $16.35.
Manchester United (NYSE:MANU - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $254.62 million during the quarter, compared to analyst estimates of $248.15 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. On average, analysts expect that Manchester United plc will post -0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Manchester United
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Manchester United by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,335 shares of the company's stock worth $960,000 after purchasing an additional 16,991 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of 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 in the last quarter. Harvey Partners LLC grew its holdings in shares of Manchester United by 156.9% during the 3rd quarter. Harvey Partners LLC now owns 740,000 shares of the company's stock worth $11,973,000 after purchasing an additional 452,000 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Manchester United in the 3rd quarter valued at $209,000. Finally, Blue Trust Inc. boosted its stake in Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after buying an additional 1,883 shares in the last quarter. Institutional investors and hedge funds own 23.34% of the company's stock.
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.
Featured Stories
Before you consider Manchester United, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manchester United wasn't on the list.
While Manchester United currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
