Manchester United (NYSE:MANU) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Manchester United's stock (NYSE:MANU) has surpassed its 200-day moving average, with current trading around $17.44, indicating positive momentum.
• The company reported a quarterly earnings per share (EPS) of ($0.04), outperforming analyst expectations, and generated revenues of $203.10 million.
• Wall Street Zen upgraded Manchester United's stock rating from "sell" to "hold", reflecting increased confidence among analysts.

Shares of Manchester United Ltd. (NYSE:MANU - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.39 and traded as high as $17.56. Manchester United shares last traded at $17.44, with a volume of 130,819 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Manchester United from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $23.00.

Manchester United Stock Up 0.8%

The firm's fifty day simple moving average is $17.68 and its two-hundred day simple moving average is $15.41. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of -36.14 and a beta of 0.71.

Manchester United (NYSE:MANU - Get Free Report) last announced its quarterly earnings results on Friday, June 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.29. The business had revenue of $203.10 million during the quarter, compared to the consensus estimate of $159.13 million. Manchester United had a negative net margin of 10.09% and a negative return on equity of 22.40%. During the same quarter last year, the firm earned ($0.24) EPS. Manchester United has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Manchester United Ltd. will post -0.74 EPS for the current year.

Institutional Trading of Manchester United

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ariel Investments LLC boosted its stake in Manchester United by 5.2% during the second quarter. Ariel Investments LLC now owns 9,024,434 shares of the company's stock worth $160,725,000 after buying an additional 449,105 shares during the period. Cooperman Leon G lifted its holdings in shares of Manchester United by 9.1% in the 1st quarter. Cooperman Leon G now owns 2,839,737 shares of the company's stock worth $37,172,000 after acquiring an additional 238,032 shares during the last quarter. Harvey Partners LLC boosted its position in shares of Manchester United by 0.7% during the 2nd quarter. Harvey Partners LLC now owns 951,698 shares of the company's stock worth $16,950,000 after purchasing an additional 6,698 shares during the period. Lancaster Investment Management increased its holdings in Manchester United by 1.1% in the 2nd quarter. Lancaster Investment Management now owns 890,351 shares of the company's stock valued at $15,857,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Breach Inlet Capital Management LLC raised its position in Manchester United by 28.6% in the first quarter. Breach Inlet Capital Management LLC now owns 854,946 shares of the company's stock valued at $11,191,000 after purchasing an additional 190,090 shares during the period. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

About Manchester United

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.