Manchester United (NYSE:MANU) Stock Price Down 5.9% – Should You Sell?

Manchester United Ltd. (NYSE:MANU)’s share price traded down 5.9% on Thursday . The company traded as low as $20.96 and last traded at $20.9050. 121,341 shares were traded during mid-day trading, a decline of 64% from the average session volume of 337,605 shares. The stock had previously closed at $22.22.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Manchester United from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Manchester United has a consensus rating of “Sell”.

Manchester United Stock Up 4.6%

The firm has a 50-day moving average of $18.16 and a two-hundred day moving average of $17.09. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -150.03 and a beta of 0.59. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of 2.73.

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

Hedge Funds Weigh In On Manchester United

A number of institutional investors and hedge funds have recently bought and sold shares of MANU. Raymond James Financial Inc. bought a new stake in Manchester United in the 2nd quarter valued at $29,000. Quarry LP acquired a new stake in Manchester United in the 4th quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of Manchester United by 70.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company’s stock worth $44,000 after purchasing an additional 1,076 shares during the period. Garner Asset Management Corp acquired a new position in shares of Manchester United during the fourth quarter valued at about $97,000. Finally, Quantbot Technologies LP raised its position in shares of 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 during the last quarter. Institutional investors 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.