Manchester United (NYSE:MANU) Hits New 1-Year Low – What’s Next?

Shares of Manchester United plc (NYSE:MANU) hit a new 52-week low during trading on Monday . The stock traded as low as $12.28 and last traded at $12.40, with a volume of 49541 shares traded. The stock had previously closed at $12.71.

Analyst Ratings Changes

Several research firms have recently weighed in on MANU. UBS Group initiated coverage on shares of Manchester United in a research note on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price objective for the company. StockNews.com upgraded shares of Manchester United to a “sell” rating in a report on Tuesday, January 21st.

Manchester United Stock Performance

The company has a debt-to-equity ratio of 2.62, a current ratio of 0.41 and a quick ratio of 0.35. The company has a fifty day moving average price of $14.57 and a 200 day moving average price of $15.97. The stock has a market cap of $2.14 billion, a P/E ratio of -12.45 and a beta of 0.64.

Manchester United (NYSE:MANU) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $254.62 million during the quarter, compared to the consensus estimate of $248.15 million. Manchester United had a negative return on equity of 44.76% and a negative net margin of 21.46%. On average, equities analysts expect that Manchester United plc will post -0.74 EPS for the current year.

Hedge Funds Weigh In On Manchester United

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Manchester United by 129.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,188 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Manchester United by 55.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company’s stock valued at $37,000 after purchasing an additional 758 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Manchester United by 127.7% during the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock worth $58,000 after purchasing an additional 1,883 shares during the period. R Squared Ltd purchased a new stake in Manchester United during the fourth quarter worth about $130,000. Finally, Quantbot Technologies LP bought a new stake in Manchester United in the fourth quarter worth about $156,000. 23.34% of the stock is owned by hedge funds and other institutional investors.

About Manchester United

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.