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

ManpowerGroup Inc. (NYSE:MAN) was the target 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. Currently, 7.0% of the shares of the company are short sold. Based on an average daily trading volume, of 815,400 shares, the short-interest ratio is currently 3.9 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ManpowerGroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 111 Capital acquired a new stake in shares of ManpowerGroup during the fourth quarter worth about $573,000. Wealth Enhancement Advisory Services LLC raised its position in shares of ManpowerGroup by 118.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,506 shares of the business services provider’s stock worth $1,299,000 after purchasing an additional 12,226 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in ManpowerGroup in the 4th quarter valued at approximately $2,790,000. Mackenzie Financial Corp raised its position in ManpowerGroup by 122.8% in the 4th quarter. Mackenzie Financial Corp now owns 55,554 shares of the business services provider’s stock valued at $3,207,000 after buying an additional 30,622 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in ManpowerGroup in the 4th quarter valued at approximately $1,667,000. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of MAN stock opened at $59.06 on Friday. ManpowerGroup has a 52-week low of $53.31 and a 52-week high of $78.87. The stock has a market cap of $2.76 billion, a PE ratio of 19.75 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. The firm’s 50 day moving average price is $58.16 and its two-hundred day moving average price is $62.64.

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.