Sanctuary Advisors LLC Reduces Holdings in ManpowerGroup Inc. (NYSE:MAN)

Sanctuary Advisors LLC trimmed its stake in ManpowerGroup Inc. (NYSE:MAN) by 27.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,656 shares of the business services provider’s stock after selling 2,098 shares during the period. Sanctuary Advisors LLC’s holdings in ManpowerGroup were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Commerce Bank boosted its stake in ManpowerGroup by 4.1% during the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock worth $314,000 after purchasing an additional 167 shares during the period. Harbor Capital Advisors Inc. boosted its stake in ManpowerGroup by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock worth $2,745,000 after purchasing an additional 234 shares during the period. State of Alaska Department of Revenue boosted its stake in ManpowerGroup by 4.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after purchasing an additional 235 shares during the period. Captrust Financial Advisors boosted its stake in ManpowerGroup by 11.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock worth $240,000 after purchasing an additional 344 shares during the period. Finally, Strengthening Families & Communities LLC boosted its stake in ManpowerGroup by 10.7% during the 3rd quarter. Strengthening Families & Communities LLC now owns 5,152 shares of the business services provider’s stock worth $379,000 after purchasing an additional 499 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Down 0.1 %

MAN stock opened at $57.57 on Tuesday. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87. The stock has a market capitalization of $2.69 billion, a PE ratio of 19.25 and a beta of 1.45. 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 company has a fifty day moving average of $57.35 and a 200-day moving average of $63.73.

Analyst Ratings Changes

A number of analysts recently weighed in on MAN shares. Barclays decreased their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group reduced their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Truist Financial restated a “hold” rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.33.

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.