Shares of Manchester United Ltd. (NYSE:MANU - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.21 and traded as high as $17.90. Manchester United shares last traded at $17.66, with a volume of 248,001 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Manchester United from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.
View Our Latest Report on Manchester United
Manchester United Price Performance
The company's 50-day moving average is $16.12 and its two-hundred day moving average is $15.22. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.39 and a quick ratio of 0.37. The firm has a market cap of $3.02 billion, a P/E ratio of -36.41 and a beta of 0.66.
Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.29. Manchester United had a negative net margin of 10.09% and a negative return on equity of 22.40%. The business had revenue of $203.10 million during the quarter, compared to analysts' expectations of $159.13 million. During the same quarter in the prior year, the business posted ($0.24) earnings per share. Sell-side analysts anticipate that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Infinitum Asset Management LLC acquired a new position in shares of Manchester United in the fourth quarter valued at approximately $6,420,000. Breach Inlet Capital Management LLC increased its stake in shares of Manchester United by 58.0% in the fourth quarter. Breach Inlet Capital Management LLC now owns 664,856 shares of the company's stock valued at $11,535,000 after buying an additional 243,977 shares during the period. Cooperman Leon G boosted its holdings in Manchester United by 9.1% in the first quarter. Cooperman Leon G now owns 2,839,737 shares of the company's stock valued at $37,172,000 after acquiring an additional 238,032 shares during the last quarter. Ariel Investments LLC boosted its holdings in Manchester United by 2.5% in the first quarter. Ariel Investments LLC now owns 8,575,329 shares of the company's stock valued at $112,251,000 after acquiring an additional 205,807 shares during the last quarter. Finally, Michelson Medical Research Foundation Inc. bought a new stake in Manchester United in the first quarter valued at approximately $2,618,000. 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.
See Also
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
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
