Manchester United PLC (NYSE:MANU) Short Interest Update

Manchester United PLC (NYSE:MANU) was the target of a large decrease in short interest during 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. Based on an average daily trading volume, of 45,500 shares, the short-interest ratio is currently 2.8 days. Approximately 0.3% of the company’s shares are sold short.

Manchester United stock traded down $0.20 during trading on Friday, reaching $18.35. 51,210 shares of the company’s stock were exchanged, compared to its average volume of 51,046. The business’s 50-day simple moving average is $18.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. Manchester United has a 52-week low of $16.91 and a 52-week high of $27.70. The company has a market cap of $737.49 million, a price-to-earnings ratio of 131.07, a price-to-earnings-growth ratio of 28.26 and a beta of 0.61.

Manchester United (NYSE:MANU) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. Manchester United had a net margin of 3.67% and a return on equity of 13.45%. The firm had revenue of $152.10 million during the quarter, compared to analysts’ expectations of $156.97 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts anticipate that Manchester United will post 0.25 EPS for the current fiscal year.



A number of research firms have recently commented on MANU. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. ValuEngine upgraded Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.75.

A number of institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in Manchester United by 443.9% during the 4th quarter. Acadian Asset Management LLC now owns 1,686 shares of the company’s stock worth $32,000 after purchasing an additional 1,376 shares during the period. Bank of America Corp DE boosted its position in Manchester United by 10.5% during the 4th quarter. Bank of America Corp DE now owns 57,383 shares of the company’s stock worth $1,089,000 after purchasing an additional 5,450 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Manchester United by 2.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 209,488 shares of the company’s stock worth $3,976,000 after purchasing an additional 5,559 shares during the period. Geode Capital Management LLC boosted its position in Manchester United by 47.3% during the 4th quarter. Geode Capital Management LLC now owns 18,378 shares of the company’s stock worth $348,000 after purchasing an additional 5,905 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Manchester United by 35.2% during the 4th quarter. Two Sigma Advisers LP now owns 45,434 shares of the company’s stock worth $862,000 after purchasing an additional 11,822 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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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