ManpowerGroup Inc. (NYSE:MAN) Short Interest Up 18.1% in February

ManpowerGroup Inc. (NYSE:MAN) saw a large growth in short interest in 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 shares of the company are short sold. Based on an average trading volume of 815,400 shares, the days-to-cover ratio is currently 3.9 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On ManpowerGroup

A number of large investors have recently bought and sold shares of the business. Merit Financial Group LLC acquired a new stake in shares of ManpowerGroup in the fourth quarter worth about $241,000. BNP Paribas Financial Markets raised its stake in shares of ManpowerGroup by 168.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 18,764 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in ManpowerGroup by 39.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $570,000 after purchasing an additional 2,208 shares during the last quarter. FORA Capital LLC bought a new stake in ManpowerGroup during the third quarter worth approximately $636,000. Finally, AlphaQuest LLC grew its holdings in ManpowerGroup by 4,364.3% during the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider’s stock valued at $1,616,000 after purchasing an additional 27,364 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Down 1.0 %

MAN stock traded down $0.60 during trading hours on Thursday, hitting $59.76. The company’s stock had a trading volume of 95,759 shares, compared to its average volume of 793,965. The stock has a 50 day moving average price of $58.09 and a two-hundred day moving average price of $62.67. ManpowerGroup has a 12 month low of $53.31 and a 12 month high of $78.87. The company has a market capitalization of $2.79 billion, a PE ratio of 19.99 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.

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.