Manchester United (NYSE:MANU) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Manchester United shares crossed above their 200-day moving average of $20.06, reaching $22.31 before closing at $21.78 on trading volume of 340,200 shares.
• Analyst sentiment remains negative: despite some rating upgrades, Manchester United has a consensus “Sell” rating, with one analyst maintaining a Sell recommendation.
• The company has a $3.76 billion market capitalization and high leverage, including a 2.73 debt-to-equity ratio; institutional investors own 23.34% of the stock, with several funds recently increasing their positions.

Manchester United Ltd. (NYSE:MANU - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.06 and traded as high as $22.31. Manchester United shares last traded at $21.78, with a volume of 340,200 shares changing hands.

Wall Street Analyst Weigh In

MANU has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Manchester United from a "sell" rating to a "hold" rating in a research report on Sunday, May 31st. Weiss Ratings upgraded Manchester United from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".

Manchester United Trading Down 1.4%

The firm has a market capitalization of $3.76 billion, a P/E ratio of -155.56 and a beta of 0.59. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 2.73. The firm's 50-day simple moving average is $22.67 and its 200-day simple moving average is $20.06.

Institutional Trading of Manchester United

A number of hedge funds have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new position in Manchester United in the second quarter valued at $115,000. Alpine Woods Capital Investors LLC boosted its holdings in shares of Manchester United by 5.3% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 13,450 shares of the company's stock worth $226,000 after purchasing an additional 674 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Manchester United by 13.7% in the 1st quarter. Janus Henderson Group PLC now owns 645,790 shares of the company's stock worth $10,862,000 after purchasing an additional 77,804 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Manchester United by 70.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company's stock valued at $44,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Manchester United by 20.4% during the 1st quarter. Royal Bank of Canada now owns 7,852 shares of the company's stock valued at $131,000 after purchasing an additional 1,329 shares during the last quarter. 23.34% of the stock is owned by institutional investors.

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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