Manchester United (NYSE:MANU) Reaches New 1-Year High at $24.84

Manchester United plc (NYSE:MANU – Get Rating)’s stock price reached a new 52-week high on Monday . The stock traded as high as $24.84 and last traded at $23.83, with a volume of 11234 shares changing hands. The stock had previously closed at $23.32.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com upgraded Manchester United to a “sell” rating in a report on Thursday, December 15th. Deutsche Bank Aktiengesellschaft lowered Manchester United from a “buy” rating to a “hold” rating in a report on Friday, December 9th.

Manchester United Stock Down 1.2 %

The company has a 50-day simple moving average of $19.38 and a 200 day simple moving average of $14.98. The company has a market cap of $3.76 billion, a P/E ratio of -23.30 and a beta of 0.69. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 5.70.

Manchester United (NYSE:MANU – Get Rating) last announced its quarterly earnings data on Thursday, December 8th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.05. The company had revenue of $143.70 million for the quarter, compared to the consensus estimate of $130.15 million. Manchester United had a negative return on equity of 25.25% and a negative net margin of 20.61%. Manchester United’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) EPS. On average, equities analysts anticipate that Manchester United plc will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Manchester United

Several hedge funds have recently bought and sold shares of MANU. Citigroup Inc. grew its position in Manchester United by 4,255.3% in the 1st 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. Federated Hermes Inc. grew its position in shares of Manchester United by 27.4% during the 1st quarter. Federated Hermes Inc. now owns 135,000 shares of the company’s stock worth $1,953,000 after buying an additional 29,000 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Manchester United by 6.3% during the 1st quarter. Gabelli Funds LLC now owns 218,000 shares of the company’s stock worth $3,154,000 after buying an additional 13,000 shares in the last quarter. Northern Trust Corp grew its position in shares of Manchester United by 37.0% during the 1st quarter. Northern Trust Corp now owns 126,776 shares of the company’s stock worth $1,835,000 after buying an additional 34,235 shares in the last quarter. Finally, Ariel Investments LLC grew its position in shares of Manchester United by 12.4% during the 1st quarter. Ariel Investments LLC now owns 12,289,486 shares of the company’s stock worth $177,829,000 after buying an additional 1,355,427 shares in the last quarter. Institutional investors own 93.82% 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.