Mantech International Corp (MANT) Sees Large Drop in Short Interest
Mantech International Corp (NASDAQ:MANT) was the recipient of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 370,561 shares, a decrease of 36.3% from the December 15th total of 582,179 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 102,581 shares, the short-interest ratio is currently 3.6 days.
Shares of Mantech International (NASDAQ:MANT) opened at $51.90 on Monday. Mantech International has a 1 year low of $33.50 and a 1 year high of $53.29. The company has a market cap of $2,023.74, a P/E ratio of 33.92, a P/E/G ratio of 3.61 and a beta of 0.97.
Mantech International (NASDAQ:MANT) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The business had revenue of $422.70 million for the quarter, compared to the consensus estimate of $427.44 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. equities research analysts expect that Mantech International will post 1.56 EPS for the current year.
A number of research firms have recently weighed in on MANT. Zacks Investment Research upgraded shares of Mantech International from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday. Maxim Group restated a “buy” rating and issued a $47.00 price target (up from $44.00) on shares of Mantech International in a research note on Wednesday, September 20th. Cowen restated a “buy” rating and issued a $49.00 price target on shares of Mantech International in a research note on Thursday, October 12th. Loop Capital raised their price target on shares of Mantech International from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, BidaskClub downgraded shares of Mantech International from a “hold” rating to a “sell” rating in a research note on Saturday. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.86.
In other news, insider Judith L. Bjornaas sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $50.79, for a total value of $380,925.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary K. Bush sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total transaction of $50,450.00. Following the completion of the sale, the director now owns 7,540 shares in the company, valued at $380,393. The disclosure for this sale can be found here. Insiders have sold 65,500 shares of company stock worth $3,206,080 over the last quarter. Corporate insiders own 22.28% of the company’s stock.
A number of large investors have recently bought and sold shares of MANT. Schwab Charles Investment Management Inc. boosted its position in Mantech International by 8.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 251,603 shares of the technology company’s stock worth $10,412,000 after buying an additional 19,763 shares during the period. Legal & General Group Plc boosted its position in Mantech International by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 50,445 shares of the technology company’s stock worth $2,085,000 after buying an additional 4,093 shares during the period. Prudential Financial Inc. boosted its position in Mantech International by 140.1% during the 2nd quarter. Prudential Financial Inc. now owns 105,454 shares of the technology company’s stock worth $4,364,000 after buying an additional 61,530 shares during the period. Neuberger Berman Group LLC acquired a new stake in Mantech International during the 2nd quarter worth approximately $223,000. Finally, Principal Financial Group Inc. raised its holdings in Mantech International by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 201,095 shares of the technology company’s stock worth $8,321,000 after purchasing an additional 4,893 shares during the last quarter. Institutional investors and hedge funds own 63.24% of the company’s stock.
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Mantech International Company Profile
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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