Manchester United plc (NYSE:MANU – Get Rating) saw unusually large options trading activity on Wednesday. Traders bought 8,842 call options on the company. This is an increase of approximately 97% compared to the average volume of 4,493 call options.
Manchester United Trading Up 25.8 %
Shares of MANU stock opened at $18.80 on Thursday. The company’s fifty day simple moving average is $13.31 and its two-hundred day simple moving average is $12.63. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.48 and a quick ratio of 0.47. Manchester United has a 1 year low of $10.41 and a 1 year high of $18.91. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -20.43 and a beta of 0.57.
Manchester United (NYSE:MANU – Get Rating) last released its quarterly earnings results on Thursday, September 22nd. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The firm had revenue of $148.93 million during the quarter, compared to the consensus estimate of $187.50 million. Manchester United had a negative return on equity of 22.28% and a negative net margin of 19.22%. As a group, analysts anticipate that Manchester United will post -0.44 earnings per share for the current year.
Analysts Set New Price Targets
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in MANU. Citigroup Inc. increased its stake in Manchester United by 4,255.3% in the first quarter. Citigroup Inc. now owns 3,310 shares of the company’s stock valued at $48,000 after acquiring an additional 3,234 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Manchester United by 1,267.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,511 shares of the company’s stock valued at $86,000 after acquiring an additional 6,035 shares during the last quarter. Quantbot Technologies LP bought a new position in Manchester United in the second quarter valued at $90,000. Alterna Wealth Management Inc. bought a new position in Manchester United in the third quarter valued at $133,000. Finally, Ridgewood Investments LLC boosted its position in Manchester United by 10.2% during the second quarter. Ridgewood Investments LLC now owns 13,744 shares of the company’s stock valued at $153,000 after buying an additional 1,270 shares during the period. Institutional investors own 76.52% 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.
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