Hotchkis & Wiley Capital Management LLC reduced its position in ManpowerGroup (NYSE:MAN) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 328,998 shares of the business services provider’s stock after selling 40,700 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.49% of ManpowerGroup worth $36,733,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MAN. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in ManpowerGroup in the 1st quarter worth approximately $101,000. IFP Advisors Inc raised its holdings in ManpowerGroup by 14.1% in the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after acquiring an additional 116 shares during the last quarter. First Quadrant L P CA purchased a new position in ManpowerGroup in the 2nd quarter worth approximately $123,000. Exane Derivatives raised its holdings in ManpowerGroup by 166.7% in the 2nd quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after acquiring an additional 862 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in ManpowerGroup in the 2nd quarter worth approximately $201,000. Institutional investors own 93.72% of the company’s stock.
A number of equities analysts recently weighed in on MAN shares. BMO Capital Markets restated a “buy” rating and issued a $124.00 price objective on shares of ManpowerGroup in a report on Friday, September 1st. BidaskClub lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research lowered shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group restated a “neutral” rating and issued a $111.00 price objective (up from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Finally, Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $109.60.
Shares of ManpowerGroup (MAN) traded up 0.02% during midday trading on Friday, reaching $113.89. 639,460 shares of the company’s stock were exchanged. The firm has a market cap of $7.60 billion, a PE ratio of 17.42 and a beta of 1.38. ManpowerGroup has a one year low of $67.63 and a one year high of $119.59. The stock’s 50-day moving average is $109.39 and its 200 day moving average is $105.69.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.01). ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts anticipate that ManpowerGroup will post $6.75 EPS for the current year.
In other news, COO Darryl Green sold 76,000 shares of ManpowerGroup stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the completion of the sale, the chief operating officer now directly owns 36,454 shares in the company, valued at $3,857,926.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard Buchband sold 1,250 shares of ManpowerGroup stock in a transaction on Monday, June 19th. The stock was sold at an average price of $109.00, for a total transaction of $136,250.00. Following the sale, the senior vice president now owns 3,884 shares of the company’s stock, valued at $423,356. The disclosure for this sale can be found here. Insiders have sold 124,108 shares of company stock valued at $13,165,550 over the last quarter. Insiders own 0.87% of the company’s stock.
WARNING: This story was originally published by Week Herald and is owned by of Week Herald. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://weekherald.com/2017/09/17/manpowergroup-man-position-trimmed-by-hotchkis-wiley-capital-management-llc.html.
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.