Manchester United PLC (NYSE:MANU) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 178,500 shares, an increase of 53.0% from the April 30th total of 116,700 shares. Based on an average daily trading volume, of 41,500 shares, the short-interest ratio is currently 4.3 days. Approximately 0.5% of the company’s stock are sold short.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in Manchester United by 443.9% during the fourth quarter. Acadian Asset Management LLC now owns 1,686 shares of the company’s stock valued at $32,000 after buying an additional 1,376 shares during the period. Geode Capital Management LLC grew its position in Manchester United by 47.3% during the fourth quarter. Geode Capital Management LLC now owns 18,378 shares of the company’s stock valued at $348,000 after buying an additional 5,905 shares during the period. Spark Investment Management LLC grew its position in Manchester United by 65.3% during the first quarter. Spark Investment Management LLC now owns 42,600 shares of the company’s stock valued at $818,000 after buying an additional 16,825 shares during the period. Two Sigma Advisers LP grew its position in Manchester United by 35.2% during the fourth quarter. Two Sigma Advisers LP now owns 45,434 shares of the company’s stock valued at $862,000 after buying an additional 11,822 shares during the period. Finally, Two Sigma Investments LP bought a new position in Manchester United during the fourth quarter valued at about $873,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.
NYSE MANU opened at $18.69 on Thursday. Manchester United has a 1 year low of $16.91 and a 1 year high of $27.70. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. The company has a market cap of $733.96 million, a price-to-earnings ratio of 133.50, a price-to-earnings-growth ratio of 27.82 and a beta of 0.61. The business has a fifty day moving average price of $18.12.
Manchester United (NYSE:MANU) last posted its earnings results on Thursday, May 16th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.10. Manchester United had a net margin of 3.67% and a return on equity of 13.45%. The firm had revenue of $152.10 million during the quarter, compared to analyst estimates of $156.97 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The business’s revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that Manchester United will post 0.25 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. ValuEngine upgraded shares of Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.75.
About Manchester United
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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