ManpowerGroup Inc. (NYSE:MAN) Short Interest Up 16.4% in February

ManpowerGroup Inc. (NYSE:MAN) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,185,623 shares, a growth of 16.4% from the February 12th total of 5,312,777 shares. Approximately 13.8% of the shares of the company are short sold. Based on an average daily volume of 1,793,011 shares, the days-to-cover ratio is presently 3.4 days. Based on an average daily volume of 1,793,011 shares, the days-to-cover ratio is presently 3.4 days. Approximately 13.8% of the shares of the company are short sold.

ManpowerGroup Trading Down 1.3%

Shares of MAN stock opened at $26.07 on Thursday. ManpowerGroup has a 1 year low of $25.15 and a 1 year high of $61.09. The firm has a market capitalization of $1.21 billion, a PE ratio of -86.91 and a beta of 0.91. The stock has a fifty day moving average of $29.94 and a two-hundred day moving average of $31.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. ManpowerGroup’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 EPS. As a group, research analysts expect that ManpowerGroup will post 4.23 EPS for the current year.

Wall Street Analyst Weigh In

MAN has been the subject of a number of recent research reports. Wall Street Zen upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Thursday, December 18th. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a report on Monday, December 29th. Finally, UBS Group set a $35.00 price objective on shares of ManpowerGroup in a research report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.25.

Hedge Funds Weigh In On ManpowerGroup

Several hedge funds have recently modified their holdings of MAN. PNC Financial Services Group Inc. boosted its position in shares of ManpowerGroup by 11.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,756 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 280 shares during the period. Treasurer of the State of North Carolina increased its position in ManpowerGroup by 1.4% during the second quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock worth $869,000 after acquiring an additional 296 shares during the period. True Wealth Design LLC increased its position in ManpowerGroup by 72.5% during the third quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after acquiring an additional 337 shares during the period. Cetera Investment Advisers raised its stake in ManpowerGroup by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock valued at $408,000 after purchasing an additional 348 shares during the last quarter. Finally, Quarry LP raised its stake in ManpowerGroup by 55.3% during the 4th quarter. Quarry LP now owns 1,034 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 368 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.