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

Manchester United Ltd. (NYSE:MANU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.94 and traded as high as $22.41. Manchester United shares last traded at $22.3390, with a volume of 237,436 shares traded.

Manchester United News Roundup

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

• Positive Sentiment: Manchester United’s share price moved above its 200-day moving average, a bullish technical signal that may be drawing traders into the stock. Manchester United (NYSE:MANU) Share Price Crosses Above 200-Day Moving Average – Here’s Why
• Neutral Sentiment: Multiple reports say Manchester United is advancing talks for AS Roma midfielder Manu Kone, including personal-terms agreement claims and “pole position” in the race. This could be viewed as a potential squad-strengthening move, but it remains unconfirmed and transfer rumors often have limited immediate financial impact.
• Neutral Sentiment: Additional articles suggest Manchester United is still exploring other midfield options and competing with other clubs for talent, indicating an active transfer window rather than a finalized deal.

Wall Street Analysts Forecast Growth

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 upgraded shares of Manchester United from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Manchester United presently has an average rating of “Sell”.

Manchester United Stock Up 1.5%

The firm has a market cap of $3.91 billion, a P/E ratio of -161.77 and a beta of 0.60. The firm’s 50 day moving average is $21.94 and its two-hundred day moving average is $18.97. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.73.

Manchester United (NYSE:MANU) last issued 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. The firm had revenue of $250.96 million during the quarter, compared to the consensus estimate of $220.94 million. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%.

Institutional Trading of Manchester United

Several hedge funds have recently added to or reduced their stakes in MANU. Royal Bank of Canada lifted its holdings in Manchester United by 65.0% during the first quarter. Royal Bank of Canada now owns 77,687 shares of the company’s stock worth $1,017,000 after acquiring an additional 30,604 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Manchester United by 156.3% in the first quarter. Jane Street Group LLC now owns 28,558 shares of the company’s stock worth $374,000 after acquiring an additional 79,290 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Manchester United by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 207,731 shares of the company’s stock worth $3,700,000 after acquiring an additional 20,251 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Manchester United by 105.3% during the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after purchasing an additional 3,273 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Manchester United by 48.9% during the second quarter. Marshall Wace LLP now owns 283,574 shares of the company’s stock worth $5,050,000 after purchasing an additional 93,111 shares during the period. Institutional investors and hedge funds own 23.34% of the company’s stock.

About Manchester United

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.