Manchester United (NYSE:MANU) Reaches New 1-Year Low – Here’s Why

Manchester United plc (NYSE:MANU)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.42 and last traded at $13.61, with a volume of 43778 shares changing hands. The stock had previously closed at $13.79.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group assumed coverage on Manchester United in a report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price target for the company. StockNews.com raised Manchester United to a “sell” rating in a report on Tuesday, January 21st.

Manchester United Price Performance

The firm has a market capitalization of $2.25 billion, a PE ratio of -13.02 and a beta of 0.66. The stock has a 50-day moving average price of $15.57 and a 200 day moving average price of $16.37. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62.

Manchester United (NYSE:MANU) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. The firm had revenue of $254.62 million during the quarter, compared to analysts’ expectations of $248.15 million. Equities analysts forecast that Manchester United plc will post -0.74 EPS for the current fiscal year.

Institutional Trading of Manchester United

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of 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 purchasing an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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 during the last quarter. Blue Trust Inc. boosted its stake in Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after buying an additional 1,883 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in Manchester United by 15.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 16,900 shares of the company’s stock worth $293,000 after buying an additional 2,300 shares during the last quarter. Finally, Twin Securities Inc. boosted its stake in Manchester United by 7.0% during the third quarter. Twin Securities Inc. now owns 36,266 shares of the company’s stock worth $587,000 after buying an additional 2,358 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, 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.