Portland Global Advisors Lowers stake in ManpowerGroup (MAN)

ManpowerGroup (MAN) : Portland Global Advisors reduced its stake in ManpowerGroup by 4.82% during the most recent quarter end. The investment management company now holds a total of 15,788 shares of ManpowerGroup which is valued at $1,092,214 after selling 800 shares in ManpowerGroup , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.ManpowerGroup makes up approximately 0.48% of Portland Global Advisors’s portfolio.

Other Hedge Funds, Including , Calamos Advisors sold out all of its stake in MAN during the most recent quarter. The investment firm sold 409,508 shares of MAN which is valued $28,329,763.Independent Portfolio Consultants reduced its stake in MAN by selling 410 shares or 33.36% in the most recent quarter. The Hedge Fund company now holds 819 shares of MAN which is valued at $55,913. ManpowerGroup makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Gateway Investment Advisers boosted its stake in MAN in the latest quarter, The investment management firm added 527 additional shares and now holds a total of 19,813 shares of ManpowerGroup which is valued at $1,312,215. ManpowerGroup makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Creative Planning boosted its stake in MAN in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 782 shares of ManpowerGroup which is valued at $51,792.British Columbia Investment Management Corp reduced its stake in MAN by selling 4,112 shares or 6.55% in the most recent quarter. The Hedge Fund company now holds 58,667 shares of MAN which is valued at $3,687,221. ManpowerGroup makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.

ManpowerGroup closed down -0.08 points or -0.12% at $69.4 with 11,94,890 shares getting traded on Friday. Post opening the session at $69.63, the shares hit an intraday low of $69 and an intraday high of $70.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, ManpowerGroup reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.52. The company had revenue of $5022.10 million for the quarter, compared to analysts expectations of $5060.06 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Many Wall Street Analysts have commented on ManpowerGroup. ManpowerGroup was Downgraded by Credit Suisse to ” Neutral” on Jun 27, 2016. ManpowerGroup was Downgraded by Avondale to ” Mkt Perform” on Jun 27, 2016.

ManpowerGroup Inc. is a provider of workforce solutions and services. The Company’s segments are Americas Southern Europe Northern Europe Asia Pacific Middle East (APME) and Right Management. The Americas segment includes operations in the United States and other Americas. The Southern Europe segment includes the operations in France Italy and other Southern Europe. The Northern Europe segment includes operations in the United Kingdom the Nordics Germany and the Netherlands. It provides placement of contingent workers in the Americas Southern Europe Northern Europe and APME segments. It offers other workforce solutions and services including recruitment and assessment; training and development and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services. The Company offers various brands including Manpower Experis Right Management and ManpowerGroup Solutions.

Leave a Reply

ManpowerGroup - Is it time to Sell?

Top Brokerage Firms are advising their investors on ManpowerGroup. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.