James Investment Research INC Trimmed Its Manpower INC (MAN) Holding as Share Value Declined

November 10, 2018 - By Nellie Frank

ManpowerGroup Inc. (NYSE:MAN) LogoInvestors sentiment is 1.01 in 2018 Q2. Its the same as in 2018Q1. It is the same, as 40 investors sold MAN shares while 124 reduced holdings. only 51 funds opened positions while 114 raised stakes. 56.20 million shares or 1.65% less from 57.14 million shares in 2018Q1 were reported. Tudor Invest Corporation Et Al reported 24,850 shares. Fjarde Ap stated it has 0.03% in ManpowerGroup Inc. (NYSE:MAN). Public Employees Retirement Association Of Colorado has invested 0.01% in ManpowerGroup Inc. (NYSE:MAN). Panagora Asset Mgmt Inc holds 0.1% or 306,071 shares. Archford Cap Strategies Limited Liability Co holds 0% or 8 shares. Korea Invest Corp invested in 65,593 shares. Jump Trading Limited Company reported 3,273 shares. Stanley owns 6,742 shares or 0.13% of their US portfolio. Piedmont Inv Advsrs Limited Liability reported 26 shares. Assetmark Incorporated accumulated 2,676 shares or 0% of the stock. Natl Bank Of Montreal Can owns 72,804 shares for 0.01% of their portfolio. State Street Corp has 0.02% invested in ManpowerGroup Inc. (NYSE:MAN) for 2.50M shares. Ameriprise Fincl Inc accumulated 595,639 shares or 0.02% of the stock. Boston Partners reported 2.59M shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.01% or 13,135 shares.

Since August 31, 2018, it had 0 insider buys, and 1 sale for $1.05 million activity.

James Investment Research Inc decreased its stake in Manpower Inc (MAN) by 14.81% based on its latest 2018Q2 regulatory filing with the SEC. James Investment Research Inc sold 37,208 shares as the company’s stock declined 6.93% while stock markets rallied. The institutional investor held 213,967 shares of the professional services company at the end of 2018Q2, valued at $18.41M, down from 251,175 at the end of the previous reported quarter. James Investment Research Inc who had been investing in Manpower Inc for a number of months, seems to be less bullish one the $5.17 billion market cap company. The stock decreased 1.84% or $1.49 during the last trading session, reaching $79.61. About 1.07M shares traded or 20.23% up from the average. ManpowerGroup Inc. (NYSE:MAN) has declined 25.17% since November 10, 2017 and is downtrending. It has underperformed by 40.79% the S&P500.

James Investment Research Inc, which manages about $5.64 billion and $2.61 billion US Long portfolio, upped its stake in Weight Watchers Intl Inc (NYSE:WTW) by 34,070 shares to 90,033 shares, valued at $9.10M in 2018Q2, according to the filing. It also increased its holding in Michael Kors Holdings Ltd (NYSE:KORS) by 130,920 shares in the quarter, for a total of 190,965 shares, and has risen its stake in Western Digital Corp (NASDAQ:WDC).

Analysts await ManpowerGroup Inc. (NYSE:MAN) to report earnings on February, 1. They expect $2.33 earnings per share, up 9.91 % or $0.21 from last year’s $2.12 per share. MAN’s profit will be $151.20 million for 8.54 P/E if the $2.33 EPS becomes a reality. After $2.47 actual earnings per share reported by ManpowerGroup Inc. for the previous quarter, Wall Street now forecasts -5.67 % negative EPS growth.

Another recent and important ManpowerGroup Inc. (NYSE:MAN) news was published by Benzinga.com which published an article titled: “ManpowerGroup Q3 Earnings Preview” on October 18, 2018.

ManpowerGroup Inc. (NYSE:MAN) Ratings Coverage

Among 6 analysts covering ManpowerGroup (NYSE:MAN), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. ManpowerGroup has $115 highest and $82 lowest target. $93.17’s average target is 17.03% above currents $79.61 stock price. ManpowerGroup had 8 analyst reports since July 18, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Outperform” rating and $97 target in Monday, October 22 report. JP Morgan downgraded the shares of MAN in report on Monday, October 22 to “Neutral” rating. The rating was maintained by Argus Research on Monday, October 22 with “Buy”. Barclays Capital maintained it with “Underweight” rating and $90 target in Wednesday, July 18 report. The stock of ManpowerGroup Inc. (NYSE:MAN) earned “Underweight” rating by Barclays Capital on Tuesday, October 2. The firm has “Outperform” rating given on Monday, October 22 by BMO Capital Markets. BMO Capital Markets maintained it with “Outperform” rating and $96 target in Monday, July 23 report.

ManpowerGroup Inc. (NYSE:MAN) Institutional Positions Chart

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