Manchester United (NYSE:MANU) Stock Price Down 4.8% – Here’s What Happened

Manchester United Ltd. (NYSE:MANU) shares fell 4.8% during trading on Friday. The company traded as low as $20.27 and last traded at $19.9390. 16,728 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 341,268 shares. The stock had previously closed at $20.94.

Analyst Upgrades and Downgrades

MANU has been the topic of several recent analyst reports. Wall Street Zen upgraded Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Manchester United in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Manchester United Price Performance

The company’s fifty day moving average price is $22.00 and its two-hundred day moving average price is $20.43. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 2.73. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -60.70 and a beta of 0.58.

Manchester United (NYSE:MANU) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.30). The company had revenue of $208.66 million for the quarter, compared to analyst estimates of $192.23 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Institutional Trading of Manchester United

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in Manchester United in the 2nd quarter valued at approximately $203,000. Ancora Advisors LLC acquired a new position in Manchester United during the 2nd quarter worth approximately $115,000. Alpine Woods Capital Investors LLC grew its stake in shares of Manchester United by 5.3% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 13,450 shares of the company’s stock worth $226,000 after acquiring an additional 674 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Manchester United by 13.7% in the first quarter. Janus Henderson Group PLC now owns 645,790 shares of the company’s stock valued at $10,862,000 after purchasing an additional 77,804 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Manchester United by 70.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company’s stock valued at $44,000 after purchasing an additional 1,076 shares during the last quarter. 23.34% of the stock is currently owned by institutional investors.

About Manchester United

Manchester United plc (NYSE:MANU) is a professional sports and entertainment company centered on Manchester United Football Club, one of England’s most prominent soccer clubs. The club operates men’s and women’s first teams, a youth academy, and related football development programs. Its teams compete primarily in English and European competitions, with home matches played at Old Trafford in Manchester, England.

The company generates revenue through matchday activities, global broadcasting and media rights, commercial partnerships and sponsorships, retail merchandise, licensing, hospitality, and other club-related services.