ManpowerGroup Inc. (NYSE:MAN) Short Interest Update

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) was the recipient of a significant growth in short interest during the month of 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 company's shares are short sold. Based on an average daily volume of 815,400 shares, the short-interest ratio is presently 3.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MAN. GSA Capital Partners LLP acquired a new position in shares of ManpowerGroup during the third quarter worth approximately $205,000. Empowered Funds LLC lifted its holdings in ManpowerGroup by 51.2% in the third quarter. Empowered Funds LLC now owns 11,190 shares of the business services provider's stock valued at $823,000 after buying an additional 3,789 shares during the period. Thrivent Financial for Lutherans boosted its holdings in ManpowerGroup by 346.2% during the third quarter. Thrivent Financial for Lutherans now owns 51,855 shares of the business services provider's stock worth $3,812,000 after buying an additional 40,234 shares during the last quarter. Strengthening Families & Communities LLC grew its holdings in shares of ManpowerGroup by 10.7% in the 3rd quarter. Strengthening Families & Communities LLC now owns 5,152 shares of the business services provider's stock valued at $379,000 after buying an additional 499 shares during the period. Finally, Commerce Bank boosted its holdings in shares of ManpowerGroup by 4.1% in the third quarter. Commerce Bank now owns 4,272 shares of the business services provider's stock valued at $314,000 after buying an additional 167 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

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ManpowerGroup Trading Down 2.4 %

Shares of NYSE MAN traded down $1.39 during mid-day trading on Friday, hitting $57.68. 1,525,783 shares of the company traded hands, compared to its average volume of 538,071. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.29 and a beta of 1.43. 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 of $58.22 and a two-hundred day moving average of $62.47.

Wall Street Analyst Weigh In

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

ManpowerGroup Company Profile

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.