Pitcairn Company Boosted Its Manpowergroup (MAN) Position; TECHNOPRO HOLDINGS ORDINARY SHARES (TXHPF) Shorts Down By 57.82%

June 23, 2018 - By Vivian Park

TechnoPro Holdings, Inc. (OTCMKTS:TXHPF) Logo

Pitcairn Company increased Manpowergroup Inc (MAN) stake by 245.37% reported in 2018Q1 SEC filing. Pitcairn Company acquired 5,641 shares as Manpowergroup Inc (MAN)’s stock declined 24.17%. The Pitcairn Company holds 7,940 shares with $914,000 value, up from 2,299 last quarter. Manpowergroup Inc now has $6.04 billion valuation. The stock increased 2.33% or $2.09 during the last trading session, reaching $91.74. About 987,020 shares traded or 31.08% up from the average. ManpowerGroup Inc. (NYSE:MAN) has declined 9.71% since June 23, 2017 and is downtrending. It has underperformed by 22.28% the S&P500. Some Historical MAN News: 12/03/2018 – China Second Quarter Manpower Employment Outlook at +8%; 08/03/2018 ManpowerGroup Solutions TAPFIN Expands Digital Platform lntelliReach™ to Help Even More Clients Optimize Talent Management; 20/04/2018 – MANPOWERGROUP 1Q EPS $1.45, EST. $1.64; 12/03/2018 – Singapore 2Q Manpower Net Employment Outlook at 16% (Table); 12/03/2018 – France Second Quarter Manpower Employment Outlook (Table); 20/04/2018 – MANPOWERGROUP 1Q REV. $5.5B, EST. $5.42B; 13/03/2018 – Portugal Second Quarter 2018 Manpower Employment Outlook (Table); 20/03/2018 – HONG KONG AND CHINA GAS – “INCREASING LOCAL MANPOWER COSTS AND OPERATING EXPENSES ARE LEADING TO RISING COSTS FOR BUSINESSES GENERALLY”; 12/03/2018 – Japan’s Second Quarter 2018 Manpower Employment Outlook (Table); 12/03/2018 – U.K. Second Quarter Manpower Employment Outlook Survey (Table)

TECHNOPRO HOLDINGS INC ORDINARY SHARES (OTCMKTS:TXHPF) had a decrease of 57.82% in short interest. TXHPF’s SI was 17,800 shares in June as released by FINRA. Its down 57.82% from 42,200 shares previously. With 2,000 avg volume, 9 days are for TECHNOPRO HOLDINGS INC ORDINARY SHARES (OTCMKTS:TXHPF)’s short sellers to cover TXHPF’s short positions. The SI to TECHNOPRO HOLDINGS INC ORDINARY SHARES’s float is 0.05%. The stock decreased 0.28% or $0.18 during the last trading session, reaching $63.4. About 3,970 shares traded or 172.10% up from the average. TechnoPro Holdings, Inc. (OTCMKTS:TXHPF) has 0.00% since June 23, 2017 and is . It has underperformed by 12.57% the S&P500.

TechnoPro Holdings, Inc. operates as technology-focused staffing and services firm in Japan and China. The company has market cap of $2.35 billion. It provides assistance with design, development, and business processes, such as project management, improvement proposals, and consulting services. It has a 28.92 P/E ratio. The firm offers engineer dispatch, contract work, commissioned development work, placement, and offshoring and other services in the mechanical design, electrical/electronic design, embedded software development, information systems/business application development, IT network construction, IT maintenance and operations, chemistry/materials research, pharmaceuticals/bio research, architectural design, and construction management areas.

Investors sentiment increased to 1.01 in 2018 Q1. Its up 0.09, from 0.92 in 2017Q4. It improved, as 30 investors sold MAN shares while 139 reduced holdings. 50 funds opened positions while 121 raised stakes. 57.14 million shares or 2.59% less from 58.66 million shares in 2017Q4 were reported. Oregon Employees Retirement Fund reported 0.1% stake. Putnam Ltd invested 0.05% in ManpowerGroup Inc. (NYSE:MAN). Moreover, Cambridge Investment Research Advsrs Inc has 0.02% invested in ManpowerGroup Inc. (NYSE:MAN). Moreover, Aviance Mgmt Limited Liability has 0.01% invested in ManpowerGroup Inc. (NYSE:MAN) for 664 shares. Ontario Teachers Pension Plan Board holds 0.08% of its portfolio in ManpowerGroup Inc. (NYSE:MAN) for 47,008 shares. Creative Planning invested in 0% or 6,067 shares. Meeder Asset accumulated 11,350 shares. Arvest State Bank Division has invested 1.3% in ManpowerGroup Inc. (NYSE:MAN). Lpl Ltd reported 0% of its portfolio in ManpowerGroup Inc. (NYSE:MAN). Connor Clark & Lunn Mngmt Limited owns 201,550 shares or 0.14% of their US portfolio. Strs Ohio owns 839 shares for 0% of their portfolio. Exane Derivatives reported 19,423 shares. 551,306 were reported by Ameriprise Incorporated. 10,649 were reported by Capital One Association. Blackrock has invested 0.04% in ManpowerGroup Inc. (NYSE:MAN).

Since February 10, 2018, it had 0 insider purchases, and 5 insider sales for $8.82 million activity. $846,973 worth of ManpowerGroup Inc. (NYSE:MAN) shares were sold by SWAN MARA E. BUCHBAND RICHARD also sold $118,490 worth of ManpowerGroup Inc. (NYSE:MAN) on Thursday, March 1. CHANDRASHEKAR SRIRAM also sold $4.70M worth of ManpowerGroup Inc. (NYSE:MAN) on Wednesday, February 28. $1.17 million worth of stock was sold by GREEN DARRYL on Thursday, March 1.

Another recent and important ManpowerGroup Inc. (NYSE:MAN) news was published by Seekingalpha.com which published an article titled: “Manpower Group Has Come A Cropper-Now What?” on June 21, 2018.

Pitcairn Company decreased Ecolab Inc (NYSE:ECL) stake by 18,654 shares to 5,442 valued at $746,000 in 2018Q1. It also reduced Paypal Hldgs Inc stake by 6,077 shares and now owns 58,208 shares. Valero Energy Corp New (NYSE:VLO) was reduced too.

Among 16 analysts covering ManpowerGroup Inc (NYSE:MAN), 8 have Buy rating, 2 Sell and 6 Hold. Therefore 50% are positive. ManpowerGroup Inc had 55 analyst reports since July 29, 2015 according to SRatingsIntel. Goldman Sachs initiated the shares of MAN in report on Tuesday, March 27 with “Hold” rating. The firm earned “Buy” rating on Thursday, April 7 by Argus Research. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, December 9. On Friday, July 1 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. Barclays Capital downgraded ManpowerGroup Inc. (NYSE:MAN) on Tuesday, April 3 to “Underweight” rating. Deutsche Bank initiated the stock with “Hold” rating in Thursday, August 18 report. BMO Capital Markets maintained the stock with “Buy” rating in Friday, September 1 report. RBC Capital Markets maintained it with “Hold” rating and $129.0 target in Thursday, January 18 report. The stock of ManpowerGroup Inc. (NYSE:MAN) earned “Hold” rating by SunTrust on Wednesday, October 18. The rating was maintained by Avondale on Monday, April 25 with “Market Outperform”.

ManpowerGroup Inc. (NYSE:MAN) Institutional Positions Chart

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