Manchester United (NYSE:MANU) Hits New 12-Month Low – What’s Next?

Manchester United plc (NYSE:MANU)’s stock price hit a new 52-week low on Monday . The stock traded as low as $13.05 and last traded at $13.15, with a volume of 28157 shares trading hands. The stock had previously closed at $13.43.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MANU. StockNews.com raised shares of Manchester United to a “sell” rating in a research report on Tuesday, January 21st. UBS Group started coverage on Manchester United in a research report on Tuesday, December 17th. They issued a “buy” rating and a $23.00 target price for the company.

Manchester United Price Performance

The firm’s 50 day moving average price is $14.88 and its two-hundred day moving average price is $16.08. 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 stock has a market cap of $2.23 billion, a PE ratio of -12.93 and a beta of 0.66.

Manchester United (NYSE:MANU) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) earnings per share 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 analyst estimates of $248.15 million. Manchester United had a negative net margin of 21.46% and a negative return on equity of 44.76%. On average, research analysts expect that Manchester United plc will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Manchester United by 129.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company’s stock worth $37,000 after buying an additional 1,188 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Manchester United by 55.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company’s stock worth $37,000 after purchasing an additional 758 shares in the last quarter. Blue Trust Inc. boosted its holdings in Manchester United by 127.7% in the 4th quarter. Blue Trust Inc. now owns 3,358 shares of the company’s stock valued at $58,000 after purchasing an additional 1,883 shares during the period. R Squared Ltd purchased a new position in shares of Manchester United during the 4th quarter valued at $130,000. Finally, Quantbot Technologies LP bought a new stake in Manchester United in the 4th quarter worth approximately $156,000. Institutional investors own 23.34% of the company’s stock.

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.