ManpowerGroup Inc. (NYSE:MAN) Short Interest Update

ManpowerGroup Inc. (NYSE:MAN) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,190,000 shares, a growth of 18.1% from the February 13th total of 2,700,000 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 815,400 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of ManpowerGroup by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock worth $143,942,000 after purchasing an additional 59,763 shares in the last quarter. AQR Capital Management LLC raised its stake in ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock valued at $130,125,000 after buying an additional 711,043 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ManpowerGroup by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock valued at $110,623,000 after purchasing an additional 77,234 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after purchasing an additional 894,379 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of ManpowerGroup by 137.0% during the fourth quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock valued at $46,845,000 after purchasing an additional 469,184 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

MAN has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays dropped their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. UBS Group dropped their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Trading Down 1.6 %

Shares of NYSE:MAN traded down $0.95 during midday trading on Wednesday, reaching $59.76. The company’s stock had a trading volume of 100,137 shares, compared to its average volume of 528,075. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 19.98 and a beta of 1.43. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup has a 1 year low of $53.31 and a 1 year high of $78.87. The business has a 50 day moving average price of $57.99 and a 200 day moving average price of $62.69.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.