Manchester United PLC (NYSE:MANU) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 128,100 shares, a decrease of 17.1% from the May 30th total of 154,500 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 45,500 shares, the days-to-cover ratio is currently 2.8 days.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its stake in Manchester United by 443.9% during the fourth quarter. Acadian Asset Management LLC now owns 1,686 shares of the company’s stock worth $32,000 after acquiring an additional 1,376 shares during the period. Bank of America Corp DE raised its stake in Manchester United by 10.5% during the fourth quarter. Bank of America Corp DE now owns 57,383 shares of the company’s stock worth $1,089,000 after acquiring an additional 5,450 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Manchester United by 2.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 209,488 shares of the company’s stock worth $3,976,000 after acquiring an additional 5,559 shares during the period. Geode Capital Management LLC raised its stake in Manchester United by 47.3% during the fourth quarter. Geode Capital Management LLC now owns 18,378 shares of the company’s stock worth $348,000 after acquiring an additional 5,905 shares during the period. Finally, Two Sigma Advisers LP raised its stake in Manchester United by 35.2% during the fourth quarter. Two Sigma Advisers LP now owns 45,434 shares of the company’s stock worth $862,000 after acquiring an additional 11,822 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.
MANU has been the topic of several research reports. ValuEngine upgraded shares of Vermillion from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Manchester United has an average rating of “Hold” and a consensus target price of $22.75.
MANU traded down $0.20 on Friday, hitting $18.35. 51,210 shares of the company’s stock were exchanged, compared to its average volume of 51,046. The firm has a market capitalization of $737.49 million, a price-to-earnings ratio of 131.07, a PEG ratio of 28.26 and a beta of 0.61. Manchester United has a twelve month low of $16.91 and a twelve month high of $27.70. The company’s fifty day simple moving average is $18.11. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.
Manchester United (NYSE:MANU) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.10. The firm had revenue of $152.10 million for the quarter, compared to analyst estimates of $156.97 million. Manchester United had a net margin of 3.67% and a return on equity of 13.45%. Manchester United’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share. On average, equities analysts expect that Manchester United will post 0.25 EPS for the current fiscal year.
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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