Manchester United (NYSE:MANU) Reaches New 1-Year High – Time to Buy?

Manchester United Ltd. (NYSE:MANU) shares reached a new 52-week high during trading on Monday . The stock traded as high as $20.12 and last traded at $19.83, with a volume of 200060 shares trading hands. The stock had previously closed at $19.23.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Manchester United from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Manchester United currently has an average rating of “Sell”.

Manchester United Stock Performance

The stock has a market cap of $3.37 billion, a PE ratio of -279.32 and a beta of 0.59. The stock has a fifty day simple moving average of $17.56 and a two-hundred day simple moving average of $16.86. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.30 and a current ratio of 0.32.

Manchester United (NYSE:MANU) last announced its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $255.92 million during the quarter, compared to analyst estimates of $251.72 million. Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MANU. Raymond James Financial Inc. bought a new position in Manchester United during the second quarter valued at about $29,000. Quarry LP bought a new position in Manchester United during the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its stake in Manchester United by 70.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company’s stock valued at $44,000 after buying an additional 1,076 shares in the last quarter. Garner Asset Management Corp bought a new position in Manchester United during the fourth quarter valued at about $97,000. Finally, Quantbot Technologies LP boosted its stake in Manchester United by 105.3% during the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after buying an additional 3,273 shares in the last quarter. Institutional investors own 23.34% of the company’s stock.

About Manchester United

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.