Manchester United (NYSE:MANU) Sets New 1-Year Low – Should You Sell?

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group began coverage on shares of Manchester United in a report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price target on the stock. StockNews.com upgraded Manchester United to a “sell” rating in a research note on Tuesday, January 21st.

Manchester United Stock Performance

The stock has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $16.39. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.35 and a current ratio of 0.41. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -13.37 and a beta of 0.66.

Manchester United (NYSE:MANU) last released its earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $248.15 million. Analysts expect that Manchester United plc will post -0.74 EPS for the current fiscal year.

Institutional Trading of Manchester United

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Manchester United by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock valued at $37,000 after acquiring an additional 1,188 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Manchester United by 55.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company’s stock valued at $37,000 after purchasing an additional 758 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Manchester United during the 3rd quarter worth approximately $49,000. Blue Trust Inc. grew its holdings in Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after acquiring an additional 1,883 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Manchester United in the 4th quarter valued at approximately $130,000. Institutional investors own 23.34% of the company’s stock.

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.