Manchester United Ltd. (MANU) Reaches New 1-Year High at $18.95
Manchester United Ltd. (NYSE:MANU)’s share price reached a new 52-week high on Friday . The company traded as high as $18.95 and last traded at $18.95, with a volume of 61980 shares. The stock had previously closed at $18.70.
Several equities analysts have recently commented on the company. BidaskClub cut Manchester United from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut Manchester United from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of Manchester United in a research note on Wednesday, August 16th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $20.00 target price (up from $19.00) on shares of Manchester United in a research note on Monday, September 25th.
The firm has a market cap of $3,120.00, a P/E ratio of 68.52, a PEG ratio of 14.78 and a beta of 0.57. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.04.
Manchester United (NYSE:MANU) last announced its quarterly earnings data on Thursday, September 21st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. Manchester United had a return on equity of 7.50% and a net margin of 6.74%. The firm had revenue of $175.90 million for the quarter, compared to analysts’ expectations of $160.47 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. research analysts expect that Manchester United Ltd. will post 0.05 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lindsell Train Ltd bought a new position in Manchester United during the third quarter worth $134,421,000. Janus Henderson Group PLC acquired a new stake in Manchester United in the second quarter worth $19,144,000. Renaissance Technologies LLC increased its position in Manchester United by 2.1% in the first quarter. Renaissance Technologies LLC now owns 390,700 shares of the company’s stock worth $6,603,000 after buying an additional 8,000 shares during the period. Alliancebernstein L.P. increased its position in Manchester United by 6.1% in the second quarter. Alliancebernstein L.P. now owns 333,050 shares of the company’s stock worth $5,412,000 after buying an additional 19,290 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC increased its position in Manchester United by 5.8% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 187,400 shares of the company’s stock worth $3,373,000 after buying an additional 10,250 shares during the period. Hedge funds and other institutional investors own 90.56% of the company’s stock.
Manchester United Company Profile
Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.
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