Manchester United (NYSE:MANU) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Manchester United (NYSE: MANU) from "sell" to "strong sell," and Weiss Ratings reaffirmed a "sell," leaving the stock with a MarketBeat consensus rating of "Sell."
• Manchester United reported Q results with $0.03 EPS versus $0.09 expected, showing a negative ROE (-4.85%) and net margin (-1.39%), and analysts forecast a -0.74 EPS for the current fiscal year.

Manchester United (NYSE:MANU - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued on Sunday.

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Manchester United in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

Manchester United Stock Up 0.6%

MANU opened at $17.63 on Friday. Manchester United has a one year low of $13.22 and a one year high of $19.65. The business's fifty day moving average is $17.20 and its two-hundred day moving average is $16.58. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.30 and a current ratio of 0.32. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -251.82 and a beta of 0.58.

Manchester United (NYSE:MANU - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). Manchester United had a negative return on equity of 4.85% and a negative net margin of 1.39%.The firm had revenue of $255.92 million during the quarter, compared to analyst estimates of $251.72 million. Analysts anticipate that Manchester United will post -0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Manchester United

A number of institutional investors have recently made changes to their positions in MANU. Corient Private Wealth LLC bought a new position in Manchester United during the fourth quarter worth about $257,000. Invesco Ltd. acquired a new stake in shares of Manchester United in the fourth quarter valued at about $6,665,000. Millennium Management LLC acquired a new stake in shares of Manchester United in the fourth quarter valued at about $335,000. Ionic Capital Management LLC increased its position in Manchester United by 15.2% during the fourth quarter. Ionic Capital Management LLC now owns 39,380 shares of the company's stock worth $627,000 after buying an additional 5,200 shares during the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of Manchester United by 53.7% in the fourth quarter. Engineers Gate Manager LP now owns 21,159 shares of the company's stock valued at $337,000 after purchasing an additional 7,391 shares during the last quarter. 23.34% of the stock is owned by institutional investors and hedge funds.

Manchester United Company Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company's core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange NYSE: MANU, Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company's revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.

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