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

Key Points

• Manchester United shares briefly crossed above their 200-day moving average of $20.56, reaching $20.69 before trading at $20.08. Despite the technical move, the stock remained below its 50-day average of $21.78 and was down 2.6%.
• Analysts remain bearish: Weiss Ratings reaffirmed a “sell (D-)” rating, and MarketBeat reported a consensus “Sell” rating based on one analyst’s recommendation.
• Manchester United beat quarterly expectations, reporting an adjusted loss of $0.22 per share versus the projected $0.40 loss and revenue of $208.66 million versus the $192.23 million estimate. However, the company continued to post negative profitability metrics, including a 6.36% net margin and 12.22% return on equity.

Manchester United Ltd. (NYSE:MANU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $20.56 and traded as high as $20.69. Manchester United shares last traded at $20.0770, with a volume of 385,741 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Manchester United in a report on Friday, September 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Manchester United Stock Down 2.6%

The company has a debt-to-equity ratio of 3.84, a current ratio of 0.33 and a quick ratio of 0.31. The firm has a 50-day simple moving average of $21.78 and a two-hundred day simple moving average of $20.56. The company has a market cap of $3.46 billion, a PE ratio of -60.84 and a beta of 0.65.

Manchester United (NYSE:MANU - Get Free Report) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.18. The business had revenue of $208.66 million for the quarter, compared to the consensus estimate of $192.23 million. Manchester United had a negative return on equity of 12.22% and a negative net margin of 6.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Breach Inlet Capital Management LLC boosted its stake in shares of Manchester United by 3.5% during the 4th quarter. Breach Inlet Capital Management LLC now owns 1,223,216 shares of the company's stock worth $19,474,000 after purchasing an additional 41,933 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Manchester United by 110.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,104,738 shares of the company's stock valued at $18,582,000 after buying an additional 580,887 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Manchester United by 13.7% during the first quarter. Janus Henderson Group PLC now owns 645,790 shares of the company's stock valued at $10,862,000 after buying an additional 77,804 shares during the period. Gabelli Funds LLC lifted its stake in shares of Manchester United by 26.2% during the first quarter. Gabelli Funds LLC now owns 619,318 shares of the company's stock valued at $10,417,000 after buying an additional 128,655 shares during the period. Finally, CI Investments Inc. boosted its position in Manchester United by 5.7% during the first quarter. CI Investments Inc. now owns 420,282 shares of the company's stock worth $7,069,000 after acquiring an additional 22,554 shares during the last quarter. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

About Manchester United

Manchester United plc owns and operates Manchester United Football Club, one of the world's best-known professional soccer organizations. The club fields men's, women's and academy teams and competes in English football competitions, with its men's team playing home matches at Old Trafford in Manchester, England.

The company's business activities include matchday operations, broadcasting and media rights, commercial partnerships, sponsorships, licensing, merchandising and retail. It generates global engagement through live events, digital content, the club's media channels and the sale of official team apparel and other branded products.

Founded in 1878 as Newton Heath, the club adopted the Manchester United name in 1902.

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