Manchester United (NYSE:MANU) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Manchester United plc (NYSE:MANU) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.76 and traded as high as $17.59. Manchester United shares last traded at $17.35, with a volume of 231,142 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Manchester United to a “sell” rating in a report on Wednesday, December 4th. UBS Group began coverage on Manchester United in a research note on Tuesday, December 17th. They set a “buy” rating and a $23.00 price objective for the company.

Manchester United Trading Up 0.3 %

The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -26.29 and a beta of 0.68. The business has a fifty day moving average of $17.10 and a two-hundred day moving average of $16.76. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.35 and a current ratio of 0.36.

Institutional Investors Weigh In On Manchester United

A number of large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Manchester United during the second quarter worth about $364,000. Nkcfo LLC acquired a new stake in Manchester United during the second quarter worth approximately $113,000. Gabelli Funds LLC grew its stake in Manchester United by 10.7% in the 2nd quarter. Gabelli Funds LLC now owns 377,383 shares of the company’s stock worth $6,091,000 after acquiring an additional 36,507 shares during the period. Ariel Investments LLC raised its holdings in Manchester United by 50.9% in the 2nd quarter. Ariel Investments LLC now owns 8,007,070 shares of the company’s stock valued at $129,234,000 after acquiring an additional 2,700,337 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Manchester United during the 2nd quarter worth $686,000. Institutional investors and hedge funds own 23.34% of the company’s stock.

Manchester United Company Profile

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.