Is Manpowergroup Inc (MAN) a Good Stock to Buy?

Page 2 of 2

Judging by the fact that Manpowergroup Inc (NYSE:MAN) has faced bearish sentiment from the smart money, logic holds that there is a sect of hedgies that elected to cut their full holdings last quarter. Intriguingly, Jim Simons’ Renaissance Technologies dropped the biggest position of all the hedgies monitored by Insider Monkey, worth close to $12.4 million in stock. Andy Redleaf’s fund, Whitebox Advisors, also cut its stock, about $5.9 million worth. These transactions are interesting, as aggregate hedge fund interest was cut by 1 funds last quarter.

Let’s check out hedge fund activity in other stocks similar to Manpowergroup Inc (NYSE:MAN). These stocks are Ingredion Inc (NYSE:INGR), NVR, Inc. (NYSE:NVR), TECO Energy, Inc. (NYSE:TE), and Qihoo 360 Technology Co Ltd (NYSE:QIHU). This group of stocks’ market values resemble MAN’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
INGR 23 203036 1
NVR 21 790611 -2
TE 20 175421 9
QIHU 19 285259 -13

As you can see these stocks had an average of 20.75 hedge funds with bullish positions and the average amount invested in these stocks was $364 million. That figure was $863 million in MAN’s case. Ingredion Inc (NYSE:INGR) is the most popular stock in this table. On the other hand Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the least popular one with only 19 bullish hedge fund positions. Compared to these stocks Manpowergroup Inc (NYSE:MAN) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Page 2 of 2