Stock Traders Buy Large Volume of Call Options on Manchester United (NYSE:MANU)

Manchester United plc (NYSE:MANUGet 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:MANUGet 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

Separately, StockNews.com initiated coverage on shares of Manchester United in a report on Wednesday, October 12th. They set a “sell” rating on the stock.

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

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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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