Manchester United (NYSE:MANU) Upgraded to “Sell” at StockNews.com

Manchester United (NYSE:MANU) was upgraded by StockNews.com to a “sell” rating in a report issued on Wednesday.

Manchester United Trading Up 0.3 %

Shares of MANU traded up $0.05 during mid-day trading on Wednesday, reaching $16.94. 177,274 shares of the company’s stock traded hands, compared to its average volume of 704,632. The stock has a market cap of $2.87 billion, a P/E ratio of -25.67 and a beta of 0.68. The stock’s 50-day moving average is $16.67 and its two-hundred day moving average is $16.69. Manchester United has a 12 month low of $13.50 and a 12 month high of $22.00. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35.

Manchester United (NYSE:MANU) last released its earnings results on Wednesday, September 11th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $179.43 million for the quarter, compared to analysts’ expectations of $180.82 million. Manchester United had a negative return on equity of 37.41% and a negative net margin of 13.36%. Research analysts forecast that Manchester United will post -0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MANU. Ariel Investments LLC grew its stake in Manchester United by 50.9% in the second quarter. Ariel Investments LLC now owns 8,007,070 shares of the company’s stock worth $129,234,000 after purchasing an additional 2,700,337 shares in the last quarter. Lancaster Investment Management bought a new position in Manchester United in the third quarter worth approximately $9,094,000. Harvey Partners LLC grew its stake in Manchester United by 156.9% in the third quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock worth $11,973,000 after purchasing an additional 452,000 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Manchester United by 15.9% in the second quarter. Pinnacle Associates Ltd. now owns 1,351,534 shares of the company’s stock worth $21,814,000 after purchasing an additional 185,271 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Manchester United by 24.5% in the third quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock worth $9,950,000 after purchasing an additional 121,211 shares in the last quarter. Institutional investors own 23.34% of the company’s stock.

Manchester United Company Profile

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.