Laurion Capital Management LP Sells 15,098 Shares of Mantech International Corp (MANT)
Laurion Capital Management LP reduced its position in Mantech International Corp (NASDAQ:MANT) by 77.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,302 shares of the technology company’s stock after selling 15,098 shares during the period. Laurion Capital Management LP’s holdings in Mantech International were worth $272,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of Mantech International by 5.4% during the 2nd quarter. Wells Fargo & Company MN now owns 331,274 shares of the technology company’s stock valued at $17,771,000 after buying an additional 16,914 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Mantech International by 139.8% during the 2nd quarter. First Trust Advisors LP now owns 363,534 shares of the technology company’s stock valued at $19,500,000 after buying an additional 211,944 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Mantech International during the 2nd quarter valued at approximately $299,000. Sei Investments Co. purchased a new position in shares of Mantech International during the 2nd quarter valued at approximately $629,000. Finally, Rhumbline Advisers lifted its position in shares of Mantech International by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 64,858 shares of the technology company’s stock valued at $3,479,000 after buying an additional 1,261 shares in the last quarter. Institutional investors and hedge funds own 63.61% of the company’s stock.
Shares of MANT stock opened at $55.22 on Friday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 3.31 and a beta of 0.97. Mantech International Corp has a fifty-two week low of $46.00 and a fifty-two week high of $68.11.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. Mantech International’s payout ratio is currently 61.73%.
A number of brokerages have recently issued reports on MANT. BidaskClub upgraded Mantech International from a “hold” rating to a “buy” rating in a research report on Saturday. Loop Capital increased their target price on Mantech International to $80.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, November 6th. Finally, Cowen restated a “buy” rating and issued a $65.00 price objective on shares of Mantech International in a report on Monday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $64.63.
COPYRIGHT VIOLATION NOTICE: This piece was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/12/16/laurion-capital-management-lp-sells-15098-shares-of-mantech-international-corp-mant.html.
Mantech International Company Profile
ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
Recommended Story: How to Invest in a Bull Market
Want to see what other hedge funds are holding MANT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mantech International Corp (NASDAQ:MANT).
Receive News & Ratings for Mantech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mantech International and related companies with MarketBeat.com's FREE daily email newsletter.