Today: The Algert Global LLC decides to keep it stake in ManTech International Corp. (MANT) to the level of $1,342,000

The Algert Global LLC decides to keep it stake in ManTech International Corp. (MANT) to the level of $1,342,000

Algert Global LLC raised its position in shares of ManTech International Corp. (NASDAQ:MANT) by 194.3% during the third quarter, Holdings Channel reports. The fund owned 35,604 shares of the company’s stock after buying an additional 23,507 shares during the period. Algert Global LLC’s holdings in ManTech International Corp. were worth $1,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MANT. Emerald Acquisition Ltd. acquired a new position in ManTech International Corp. during the second quarter worth about $23,744,000. FMR LLC boosted its position in ManTech International Corp. by 58.3% in the second quarter. FMR LLC now owns 1,428,491 shares of the company’s stock worth $54,026,000 after buying an additional 526,090 shares during the last quarter. Acadian Asset Management LLC boosted its position in ManTech International Corp. by 24.8% in the second quarter. Acadian Asset Management LLC now owns 962,448 shares of the company’s stock worth $36,399,000 after buying an additional 191,010 shares during the last quarter. Victory Capital Management Inc. boosted its position in ManTech International Corp. by 19.6% in the second quarter. Victory Capital Management Inc. now owns 1,160,895 shares of the company’s stock worth $43,906,000 after buying an additional 189,928 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in ManTech International Corp. by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,968,618 shares of the company’s stock worth $74,451,000 after buying an additional 152,610 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

ManTech International Corp. (NASDAQ:MANT) opened at 39.25 on Friday. The firm has a market capitalization of $1.50 billion, a PE ratio of 27.01 and a beta of 1.38. The company’s 50-day moving average price is $39.66 and its 200 day moving average price is $36.95. ManTech International Corp. has a 12 month low of $25.54 and a 12 month high of $41.69.

ManTech International Corp. (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. The firm earned $401.35 million during the quarter, compared to analyst estimates of $402.12 million. During the same period last year, the company posted $0.33 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that ManTech International Corp. will post $1.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, September 7th. ManTech International Corp.’s dividend payout ratio (DPR) is presently 28.77%.

Several research analysts have recently weighed in on MANT shares. Wells Fargo & Co. cut ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 30th. Credit Suisse Group AG cut ManTech International Corp. from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $37.00 to $36.00 in a research report on Thursday, September 29th. They noted that the move was a valuation call. Zacks Investment Research raised ManTech International Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Saturday, July 30th. Finally, Jefferies Group reaffirmed a “sell” rating and set a $26.00 price objective on shares of ManTech International Corp. in a research report on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. ManTech International Corp. has an average rating of “Hold” and an average price target of $36.25.

In related news, insider Daniel J. Keefe sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the sale, the insider now directly owns 7,000 shares of the company’s stock, valued at approximately $278,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Judith L. Bjornaas sold 8,600 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $40.60, for a total value of $349,160.00. Following the completion of the sale, the senior vice president now directly owns 7,000 shares of the company’s stock, valued at $284,200. The disclosure for this sale can be found here. 22.28% of the stock is owned by insiders.

ManTech International Corp. Company Profile

ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other United States Government customers.

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