Trexquant Investment LP Decreases Stake in ASGN Inc (NYSE:ASGN)

Trexquant Investment LP lessened its position in ASGN Inc (NYSE:ASGN) by 46.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,705 shares of the business services provider’s stock after selling 23,877 shares during the quarter. Trexquant Investment LP’s holdings in ASGN were worth $1,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. purchased a new position in shares of ASGN in the fourth quarter valued at approximately $272,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of ASGN in the fourth quarter valued at approximately $686,000. Rhumbline Advisers lifted its position in shares of ASGN by 0.9% in the first quarter. Rhumbline Advisers now owns 183,213 shares of the business services provider’s stock valued at $11,632,000 after acquiring an additional 1,699 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of ASGN by 210.2% in the first quarter. SG Americas Securities LLC now owns 23,503 shares of the business services provider’s stock valued at $1,492,000 after acquiring an additional 15,927 shares in the last quarter. Finally, Prosight Management LP purchased a new position in shares of ASGN in the fourth quarter valued at approximately $4,780,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Shares of NYSE:ASGN traded down $0.11 during midday trading on Friday, hitting $57.35. The company had a trading volume of 12,657 shares, compared to its average volume of 383,604. ASGN Inc has a twelve month low of $50.33 and a twelve month high of $94.25. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $2.99 billion, a PE ratio of 13.06, a P/E/G ratio of 1.34 and a beta of 1.99.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.02). ASGN had a net margin of 4.49% and a return on equity of 20.45%. The company had revenue of $923.70 million during the quarter, compared to analyst estimates of $921.14 million. During the same period in the prior year, the business posted $0.83 EPS. ASGN’s revenue for the quarter was up 34.8% compared to the same quarter last year. As a group, analysts predict that ASGN Inc will post 4.67 earnings per share for the current fiscal year.

Several equities research analysts recently commented on ASGN shares. Royal Bank of Canada started coverage on ASGN in a report on Tuesday, April 16th. They issued an “outperform” rating and a $79.00 price target for the company. Zacks Investment Research cut ASGN from a “buy” rating to a “hold” rating in a report on Monday, February 18th. Jefferies Financial Group started coverage on ASGN in a report on Tuesday, March 12th. They issued a “buy” rating and a $70.00 price target for the company. ValuEngine raised ASGN from a “strong sell” rating to a “sell” rating in a report on Friday, June 7th. Finally, Credit Suisse Group cut their price target on ASGN from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $73.13.

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About ASGN

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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