Manchester United Sees Unusually High Options Volume (NYSE:MANU)

Manchester United Ltd. (NYSE:MANU - Get Free Report) saw some unusual options trading activity on Monday. Traders bought 4,449 call options on the stock. This is an increase of 495% compared to the typical daily volume of 748 call options.

Manchester United Price Performance

MANU traded down $0.20 during midday trading on Thursday, hitting $18.22. 387,576 shares of the company traded hands, compared to its average volume of 273,693. The business has a 50 day simple moving average of $15.09 and a two-hundred day simple moving average of $15.19. Manchester United has a 52-week low of $12.05 and a 52-week high of $19.65. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of -37.17 and a beta of 0.59. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 2.54.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.29. The company had revenue of $203.10 million during the quarter, compared to analyst estimates of $159.13 million. Manchester United had a negative return on equity of 22.40% and a negative net margin of 10.09%. During the same period in the previous year, the business earned ($0.24) EPS. On average, equities analysts forecast that Manchester United will post -0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Manchester United from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 1,188 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Manchester United by 55.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock worth $37,000 after acquiring an additional 758 shares during the last quarter. Blue Trust Inc. grew its stake in Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after acquiring an additional 1,883 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Manchester United in the 4th quarter valued at about $156,000. Finally, National Bank of Canada FI lifted its stake in Manchester United by 213.1% in the 4th quarter. National Bank of Canada FI now owns 9,686 shares of the company's stock worth $168,000 after purchasing an additional 6,592 shares in the last quarter. 23.34% of the stock is owned by institutional investors and hedge funds.

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.