ManpowerGroup Inc. on Focus After Bearish Options Activity

 ManpowerGroup Inc. on Focus After Bearish Options Activity

In today’s session ManpowerGroup Inc. (MAN) recorded an unusually high (515) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious MAN decrease. With 515 contracts traded and 2334 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: MAN161021P00070000 closed last at: $1.25 or 13.6% up. About 198,273 shares traded hands. ManpowerGroup Inc. (NYSE:MAN) has declined 7.12% since March 14, 2016 and is downtrending. It has underperformed by 12.73% the S&P500.

Analysts await ManpowerGroup Inc. (NYSE:MAN) to report earnings on October, 19. They expect $1.71 EPS, down 8.06% or $0.15 from last year’s $1.86 per share. MAN’s profit will be $117.77 million for 10.49 P/E if the $1.71 EPS becomes a reality. After $1.60 actual EPS reported by ManpowerGroup Inc. for the previous quarter, Wall Street now forecasts 6.87% EPS growth.

ManpowerGroup Inc. (NYSE:MAN) Ratings Coverage

Out of 12 analysts covering ManpowerGroup Inc (NYSE:MAN), 6 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 50% are positive. ManpowerGroup Inc has been the topic of 26 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of ManpowerGroup Inc. (NYSE:MAN) earned “Buy” rating by Sterne Agee CRT on Tuesday, March 22. Avondale maintained the stock with “Market Outperform” rating in Monday, April 25 report. The stock of ManpowerGroup Inc. (NYSE:MAN) earned “Overweight” rating by Piper Jaffray on Tuesday, August 11. The firm earned “Hold” rating on Thursday, August 18 by Deutsche Bank. Credit Suisse downgraded the shares of MAN in a report on Monday, June 27 to “Neutral” rating. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, December 9. Zacks upgraded the shares of MAN in a report on Monday, September 7 to “Buy” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 22. The stock of ManpowerGroup Inc. (NYSE:MAN) earned “Hold” rating by Zacks on Tuesday, August 25. The stock of ManpowerGroup Inc. (NYSE:MAN) earned “Market Outperform” rating by Avondale on Monday, April 18.

According to Zacks Investment Research, “Manpower Inc. is a leading non-governmental employment services organization. The company’s largest operations, based on revenues, are located in the United States, France and the United Kingdom. The company provides a variety of staffing and workforce management services and solutions, including temporary staffing services, contract services and training and testing of temporary and permanent workers. The company provides employment services to a wide variety of customers.”

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.17, from 1.04 in 2016Q1. The ratio is positive, as 40 funds sold all ManpowerGroup Inc. shares owned while 114 reduced positions. 41 funds bought stakes while 145 increased positions. They now own 63.67 million shares or 5.61% less from 67.46 million shares in 2016Q1.
Hillsdale Mngmt Incorporated has 0.1% invested in the company for 5,310 shares. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 102,434 shares. Glenview Cap Mgmt Limited Company owns 3.52M shares or 1.6% of their US portfolio. Jpmorgan Chase holds 726,790 shares or 0.01% of its portfolio. Baldwin Brothers Ma, a Massachusetts-based fund reported 419 shares. Credit Agricole S A accumulated 0.01% or 51,541 shares. Invest House Limited Co accumulated 0.06% or 5,360 shares. Dynamic Cap Mgmt holds 0.31% or 41,148 shares in its portfolio. Dai Ichi Life Insur Ltd, a Japan-based fund reported 25,183 shares. Arizona State Retirement last reported 0.03% of its portfolio in the stock. Zebra Capital Mgmt Limited Liability last reported 0.36% of its portfolio in the stock. Moreover, First Manhattan has 0.03% invested in ManpowerGroup Inc. (NYSE:MAN) for 65,421 shares. Old Mutual Global Investors (Uk) has 148,919 shares for 0.18% of their US portfolio. The Japan-based Meiji Yasuda Asset Management Ltd has invested 0.04% in ManpowerGroup Inc. (NYSE:MAN). Advsr Asset Management Inc holds 0% or 1,900 shares in its portfolio.

Insider Transactions: Since April 25, 2016, the stock had 0 buys, and 4 selling transactions for $7.30 million net activity. $247,405 worth of ManpowerGroup Inc. (NYSE:MAN) was sold by CHANDRASHEKAR SRIRAM on Tuesday, April 26. $806,584 worth of ManpowerGroup Inc. (NYSE:MAN) was sold by GREEN DARRYL. 57,348 shares were sold by VAN HANDEL MICHAEL J, worth $4.02M.

ManpowerGroup Inc. is a provider of workforce solutions and services. The company has a market cap of $4.94 billion. The Company’s divisions include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East , Right Management and Corporate. It has a 12.27 P/E ratio. The Company’s Americas segment includes activities in the United States and Other Americas.

MAN Company Profile

ManpowerGroup Inc., incorporated on April 12, 1990, is a well-known provider of workforce solutions and services. The Company’s divisions are Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), and Right Management. The Americas segment includes activities in the United States and other Americas. The Southern Europe segment includes the activities in France, Italy and other Southern Europe. The Northern Europe segment includes activities in the United Kingdom, the Nordics, Germany and the Netherlands. The Firm provides placement of contingent workers in the Americas, Southern Europe, Northern Europe and APME divisions. The Firm 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.

More news for ManpowerGroup Inc. (NYSE:MAN) were recently published by: Zacks.com, which released: “ManpowerGroup (MAN) to Post Q3 Earnings: What’s in Store?” on October 17, 2016. Prnewswire.com‘s article titled: “ManpowerGroup Announces Acquisition of Ciber Norway” and published on August 24, 2016 is yet another important article.

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