Quantbot Technologies LP lifted its position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 772.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,995 shares of the business services provider’s stock after acquiring an additional 83,223 shares during the period. Quantbot Technologies LP owned approximately 0.20% of ManpowerGroup worth $5,425,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in MAN. Pacer Advisors Inc. lifted its stake in shares of ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after purchasing an additional 894,379 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of ManpowerGroup in the 4th quarter worth $34,200,000. Point72 Asset Management L.P. lifted its position in ManpowerGroup by 480.1% during the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after purchasing an additional 268,866 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock valued at $43,189,000 after purchasing an additional 191,901 shares during the period. Finally, KLCM Advisors Inc. raised its stake in shares of ManpowerGroup by 153.9% in the fourth quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock worth $17,119,000 after buying an additional 179,788 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.
ManpowerGroup Stock Up 3.1 %
NYSE MAN opened at $60.27 on Friday. The stock has a 50 day moving average price of $57.79 and a 200-day moving average price of $63.10. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87. The company has a market capitalization of $2.82 billion, a P/E ratio of 20.16 and a beta of 1.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.
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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.
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