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

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Manchester United from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Manchester United Stock Down 8.4%

The stock’s 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $17.03. The firm has a market cap of $3.51 billion, a P/E ratio of -290.66 and a beta of 0.59. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.32 and a quick ratio of 0.30.

Manchester United (NYSE:MANU) last issued its earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.10. The firm had revenue of $250.96 million for the quarter, compared to the consensus estimate of $220.94 million. Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cooperman Leon G lifted its stake in shares of Manchester United by 0.6% in the third quarter. Cooperman Leon G now owns 2,857,877 shares of the company’s stock worth $43,268,000 after buying an additional 18,140 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Manchester United by 30.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,404,151 shares of the company’s stock worth $22,354,000 after buying an additional 327,553 shares in the last quarter. Breach Inlet Capital Management LLC lifted its position in Manchester United by 3.5% during the fourth quarter. Breach Inlet Capital Management LLC now owns 1,223,216 shares of the company’s stock valued at $19,474,000 after purchasing an additional 41,933 shares during the period. Gamco Investors INC. ET AL lifted its position in Manchester United by 110.9% during the first quarter. Gamco Investors INC. ET AL now owns 1,104,738 shares of the company’s stock valued at $18,582,000 after purchasing an additional 580,887 shares during the period. Finally, Harvey Partners LLC lifted its position in Manchester United by 15.8% during 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 during the period. 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.