Manchester United plc (NYSE:MANU - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $14.54, but opened at $13.71. Manchester United shares last traded at $13.48, with a volume of 216,361 shares traded.
Manchester United Trading Up 1.4%
The firm has a market capitalization of $2.28 billion, a P/E ratio of -13.22 and a beta of 0.59. The stock's 50-day simple moving average is $13.73 and its two-hundred day simple moving average is $15.35. 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 posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The business had revenue of $254.62 million during the quarter, compared to analyst estimates of $248.15 million. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. Equities research analysts expect that Manchester United plc will post -0.74 EPS for the current year.
Hedge Funds Weigh In On Manchester United
A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Manchester United by 55.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock worth $37,000 after purchasing an additional 758 shares during the period. Vident Advisory LLC boosted its position in shares of Manchester United by 7.7% during the first quarter. Vident Advisory LLC now owns 14,578 shares of the company's stock worth $191,000 after acquiring an additional 1,043 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Manchester United by 129.0% during the fourth 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. Blue Trust Inc. boosted its position 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 worth $58,000 after acquiring an additional 1,883 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Manchester United by 23.8% during the fourth quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company's stock worth $416,000 after acquiring an additional 4,606 shares during the last quarter. 23.34% of the stock is currently owned by 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.
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