AlphaQuest LLC Has $1.62 Million Stock Position in ManpowerGroup Inc. (NYSE:MAN)

AlphaQuest LLC grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 4,364.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,991 shares of the business services provider’s stock after purchasing an additional 27,364 shares during the quarter. AlphaQuest LLC’s holdings in ManpowerGroup were worth $1,616,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MAN. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. increased its holdings in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after acquiring an additional 562 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of ManpowerGroup during the 3rd quarter worth approximately $54,000. Blue Trust Inc. increased its holdings in shares of ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after acquiring an additional 778 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of ManpowerGroup during the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Price Performance

NYSE:MAN opened at $62.90 on Friday. ManpowerGroup Inc. has a 52 week low of $53.31 and a 52 week high of $78.87. 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 simple moving average is $57.61 and its 200 day simple moving average is $63.39. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 21.04 and a beta of 1.43.

Wall Street Analysts Forecast Growth

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

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.