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

Manchester United Ltd. (NYSE:MANU) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.49 and traded as high as $22.16. Manchester United shares last traded at $22.0020, with a volume of 230,986 shares trading hands.

Manchester United News Roundup

Here are the key news stories impacting Manchester United this week:

• Positive Sentiment: Manchester United accelerated efforts to sign a third new midfielder, with reports saying INEOS has received the green light to pursue a deal worth about £50 million. Man Utd accelerate move for third new midfielder as INEOS get green light to complete 50m deal
• Positive Sentiment: The club continues to be linked with Manu Kone as a midfield target, with multiple reports saying he is a strong alternative option if other deals fall through. Man United have already been told why Manu Kone is a great Tchouameni alternative
• Positive Sentiment: Manchester United reportedly received a green light to push for another Serie A midfielder, reinforcing expectations of an active summer transfer window. Report: Manchester United receive green light to push for Serie A midfielder
• Positive Sentiment: Several articles highlighted United’s interest in Manu Kone and framed him as a viable midfield upgrade, which may help sentiment around squad building. Manu Kone: United could sign French midfielder if Ederson deal collapses
• Neutral Sentiment: Commentary about whether Manchester United stock is a good investment was published, but it appears largely opinion-based and does not add new operational news. Manchester United Share Price: Should You Invest?

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 15th. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Manchester United Stock Up 0.7%

The firm has a market cap of $3.79 billion, a price-to-earnings ratio of -157.15 and a beta of 0.60. The firm’s fifty day moving average is $21.19 and its two-hundred day moving average is $18.49. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.37 and a quick ratio of 0.35.

Manchester United (NYSE:MANU) last released its earnings results on Wednesday, May 27th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.10. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%. The firm had revenue of $250.96 million for the quarter, compared to analysts’ expectations of $220.94 million.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Alpine Woods Capital Investors LLC raised its holdings in Manchester United by 5.3% during the first quarter. Alpine Woods Capital Investors LLC now owns 13,450 shares of the company’s stock worth $226,000 after purchasing an additional 674 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Manchester United by 1.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 55,495 shares of the company’s stock worth $883,000 after purchasing an additional 1,000 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Manchester United by 70.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company’s stock valued at $44,000 after purchasing an additional 1,076 shares in the last quarter. Royal Bank of Canada boosted its stake in Manchester United by 20.4% during the 1st quarter. Royal Bank of Canada now owns 7,852 shares of the company’s stock valued at $131,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Manchester United by 14.9% during the 4th quarter. Deutsche Bank AG now owns 10,916 shares of the company’s stock valued at $174,000 after purchasing an additional 1,419 shares during the period. Institutional investors and hedge funds 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.