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.
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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
(
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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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