Manchester United (NYSE:MANU) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Manchester United Ltd. (NYSE:MANU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.51 and traded as high as $18.17. Manchester United shares last traded at $18.0490, with a volume of 454,129 shares.

Analyst Ratings Changes

Several analysts have issued reports on MANU shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Manchester United in a research note on Monday, December 22nd. Wall Street Zen cut Manchester United from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Manchester United Trading Up 2.2%

The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 2.58. The company has a market cap of $3.11 billion, a price-to-earnings ratio of -58.22 and a beta of 0.54. The firm has a 50 day moving average price of $16.66 and a two-hundred day moving average price of $16.51.

Manchester United (NYSE:MANU) last issued its earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Manchester United had a negative return on equity of 10.21% and a negative net margin of 6.14%.The firm had revenue of $188.66 million for the quarter, compared to analyst estimates of $191.16 million. As a group, equities analysts forecast that Manchester United Ltd. will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ariel Investments LLC increased its stake in shares of Manchester United by 5.2% in the second quarter. Ariel Investments LLC now owns 9,024,434 shares of the company’s stock worth $160,725,000 after purchasing an additional 449,105 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in Manchester United by 30.4% in the 4th quarter. Pinnacle Associates Ltd. now owns 1,404,151 shares of the company’s stock valued at $22,354,000 after purchasing an additional 327,553 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Manchester United by 100.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 523,851 shares of the company’s stock valued at $8,340,000 after purchasing an additional 261,901 shares in the last quarter. Harvey Partners LLC raised its stake in Manchester United by 15.8% in the third quarter. Harvey Partners LLC now owns 1,102,500 shares of the company’s stock valued at $16,692,000 after purchasing an additional 150,802 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Manchester United by 83.8% during the 3rd quarter. Bank of America Corp DE now owns 243,444 shares of the company’s stock valued at $3,686,000 after purchasing an additional 111,011 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.