Manchester United (NYSE:MANU) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Manchester United Ltd. (NYSE:MANU) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.53 and traded as high as $23.57. Manchester United shares last traded at $23.5530, with a volume of 300,674 shares traded.

Analyst Ratings Changes

A number of research firms have recently commented on MANU. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Manchester United in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Manchester United Stock Down 1.4%

The stock has a market capitalization of $4.00 billion, a P/E ratio of -165.74 and a beta of 0.61. The firm’s fifty day moving average is $19.32 and its 200-day moving average is $17.57. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.73.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.10. The firm had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $220.94 million. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%.

Institutional Investors Weigh In On Manchester United

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MANU. Gamco Investors INC. ET AL increased its position in Manchester United by 110.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,104,738 shares of the company’s stock valued at $18,582,000 after acquiring an additional 580,887 shares in the last quarter. Invesco Ltd. acquired a new stake in Manchester United in the 4th quarter valued at about $6,665,000. Pinnacle Associates Ltd. increased its position in Manchester United by 30.4% in the 4th quarter. Pinnacle Associates Ltd. now owns 1,404,151 shares of the company’s stock valued at $22,354,000 after acquiring an additional 327,553 shares in the last quarter. Harvey Partners LLC increased its position in Manchester United by 15.8% in the 3rd quarter. Harvey Partners LLC now owns 1,102,500 shares of the company’s stock valued at $16,692,000 after acquiring an additional 150,802 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Manchester United by 26.2% in the 1st quarter. Gabelli Funds LLC now owns 619,318 shares of the company’s stock valued at $10,417,000 after acquiring an additional 128,655 shares in the last quarter. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Company Profile

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.