55,070 Shares in ManpowerGroup Inc. $MAN Bought by Hourglass Capital LLC

Key Points

• Hourglass Capital LLC has acquired 55,070 shares of ManpowerGroup Inc., valued at approximately $2,225,000, during Q2, bringing their ownership to about 0.12%.
• The company reported $0.78 EPS for the last quarter, surpassing analyst estimates of $0.69, with revenue of $4.52 billion, down 0.5% year-over-year.
• ManpowerGroup's stock currently holds an average rating of "Reduce" with a target price of $46.40, as assessed by multiple research analysts.

Hourglass Capital LLC purchased a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 55,070 shares of the business services provider's stock, valued at approximately $2,225,000. Hourglass Capital LLC owned approximately 0.12% of ManpowerGroup at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC bought a new position in shares of ManpowerGroup in the first quarter worth about $253,000. GAMMA Investing LLC grew its holdings in ManpowerGroup by 190.6% during the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after buying an additional 488 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in ManpowerGroup during the 1st quarter valued at approximately $887,000. Focus Partners Advisor Solutions LLC purchased a new position in ManpowerGroup during the 1st quarter valued at approximately $433,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in ManpowerGroup by 79.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,703 shares of the business services provider's stock valued at $3,150,000 after buying an additional 23,795 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Performance

MAN opened at $38.27 on Thursday. The firm has a fifty day moving average price of $39.72 and a 200 day moving average price of $42.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. ManpowerGroup Inc. has a 1 year low of $36.19 and a 1 year high of $75.17. The stock has a market cap of $1.77 billion, a P/E ratio of -100.71 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.34 billion. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MAN shares. Wall Street Zen upgraded shares of ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Weiss Ratings restated a "sell (d+)" rating on shares of ManpowerGroup in a report on Wednesday, October 8th. Truist Financial lowered their target price on shares of ManpowerGroup from $48.00 to $44.00 and set a "hold" rating for the company in a report on Monday. Finally, UBS Group decreased their price objective on shares of ManpowerGroup from $46.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, ManpowerGroup presently has an average rating of "Reduce" and an average target price of $46.40.

ManpowerGroup 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.

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