Manchester United Plc. (NYSE: MANU) stock fell -3.32% on Monday to $19.22 against a previous-day closing price of $19.88. With 1.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.19 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $20.04 whereas the lowest price it dropped to was $19.17. The 52-week range on MANU shows that it touched its highest point at $27.34 and its lowest point at $12.55 during that stretch. It currently has a 1-year price target of $23.45. With its current market cap of 3.12 billion, MANU has annualized dividend of $0.14 while the current yield stands at 0.75%. Beta for the stock currently stands at 0.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MANU was up-trending over the past week, with a rise of 7.19%, but this was up by 6.25% over a month. Three-month performance dropped to -11.83% while six-month performance fell -1.84%. The stock gained 49.69% in the past year, while it has lost -17.62% so far this year. A look at the trailing 12-month EPS for MANU yields -0.21 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.00. This implies an EPS growth rate of 71.71% for this year and 55.41% for next year. EPS is expected to decline by -0.05% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.26%.
Float and Shares Shorts:
At present, 52.85 million MANU shares are outstanding with a float of 49.99 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.81 million, which was 3.57% higher than short shares on Sep 28, 2023. In addition to Mr. Joel M. Glazer as the firm’s Executive Co-Chairman, Mr. Avram A. Glazer serves as its Executive Co-Chairman.
Through their ownership of 81.01% of MANU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.60% of MANU, in contrast to 30.78% held by mutual funds. As the largest shareholder in MANU with 21.00% of the stake, Lindsell Train Ltd. holds 11,099,176 shares worth 11,099,176. A second-largest stockholder of MANU, Ariel Investments LLC, holds 5,666,008 shares, controlling over 10.72% of the firm’s shares. Eminence Capital LP is the third largest shareholder in MANU, holding 4,243,661 shares or 8.03% stake. With a 13.16% stake in MANU, the WS Lindsell Train UK Equity Fund is the largest stakeholder. A total of 6,954,500 shares are owned by the mutual fund manager. The Finsbury Growth & Income Trust Pl, which owns about 4.36% of MANU stock, is the second-largest Mutual Fund holder. It holds 2,305,000 shares valued at 41.33 million. Ariel Fund holds 2.62% of the stake in MANU, owning 1,383,204 shares worth 24.8 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MANU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MANU analysts setting a high price target of $21.44 and a low target of $17.56, the average target price over the next 12 months is $19.30. Based on these targets, MANU could surge 11.55% to reach the target high and fall by -8.64% to reach the target low. Reaching the average price target will result in a growth of 0.42% from current levels.