Azarias Capital Management L.P. cut its position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 78.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 57,631 shares of the business services provider’s stock after selling 208,515 shares during the quarter. ManpowerGroup makes up 3.0% of Azarias Capital Management L.P.’s portfolio, making the stock its 13th largest holding. Azarias Capital Management L.P.’s holdings in ManpowerGroup were worth $3,203,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAN. BlackRock Inc. purchased a new position in ManpowerGroup in the second quarter valued at $265,921,000. Quantinno Capital Management LP boosted its stake in shares of ManpowerGroup by 235.8% during the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after acquiring an additional 1,259,752 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of ManpowerGroup during the 2nd quarter worth about $33,702,000. Wellington Management Group LLP purchased a new stake in shares of ManpowerGroup during the 2nd quarter worth about $25,709,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ManpowerGroup during the 2nd quarter worth about $16,009,000. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Price Performance
Shares of ManpowerGroup stock traded up $0.21 during mid-day trading on Wednesday, reaching $51.85. 920,572 shares of the stock traded hands, compared to its average volume of 1,173,043. The stock has a market capitalization of $2.41 billion, a PE ratio of 23.57, a PEG ratio of 2.03 and a beta of 0.68. The business has a 50-day moving average of $57.62 and a 200 day moving average of $42.91. ManpowerGroup Inc. has a fifty-two week low of $25.15 and a fifty-two week high of $63.88. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on MAN shares. Truist Financial raised their target price on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group increased their price target on ManpowerGroup from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays increased their price target on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Finally, BMO Capital Markets raised their price objective on ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.62.
Check Out Our Latest Stock Analysis on MAN
About ManpowerGroup
ManpowerGroup Inc is a global workforce solutions and staffing company headquartered in Milwaukee, Wisconsin. Founded in 1948, the company helps organizations recruit, manage and develop talent while assisting individuals with finding employment and advancing their careers.
ManpowerGroup provides temporary, permanent and contract staffing; recruitment process outsourcing; workforce management; career transition and outplacement services; and talent development programs. Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment, career management and workforce consulting services.
The company serves employers and job seekers across a broad range of industries and geographic markets, with operations spanning numerous countries and territories worldwide.
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