GP Strategies (NYSE:GPX) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of GP Strategies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 6th. Barrington Research reiterated a “buy” rating and set a $20.00 price target on shares of GP Strategies in a report on Tuesday, August 6th.
NYSE:GPX traded down $0.42 during trading hours on Tuesday, hitting $12.98. 17,338 shares of the company traded hands, compared to its average volume of 54,790. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $13.74 and its 200-day simple moving average is $14.08. GP Strategies has a one year low of $11.77 and a one year high of $19.27. The company has a market cap of $226.38 million, a PE ratio of 14.42, a PEG ratio of 0.90 and a beta of 0.91.
GP Strategies (NYSE:GPX) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). GP Strategies had a net margin of 1.32% and a return on equity of 6.65%. The firm had revenue of $149.41 million for the quarter, compared to the consensus estimate of $149.01 million. As a group, equities research analysts expect that GP Strategies will post 0.94 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in shares of GP Strategies by 442.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,597 shares of the company’s stock worth $32,000 after purchasing an additional 2,118 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in GP Strategies in the first quarter worth about $243,000. ARS Investment Partners LLC raised its position in GP Strategies by 16.9% in the second quarter. ARS Investment Partners LLC now owns 22,979 shares of the company’s stock worth $347,000 after acquiring an additional 3,316 shares during the period. Wells Fargo & Company MN raised its position in GP Strategies by 12.0% in the second quarter. Wells Fargo & Company MN now owns 23,199 shares of the company’s stock worth $350,000 after acquiring an additional 2,493 shares during the period. Finally, Renaissance Technologies LLC raised its position in GP Strategies by 19.7% in the second quarter. Renaissance Technologies LLC now owns 30,523 shares of the company’s stock worth $460,000 after acquiring an additional 5,029 shares during the period. Institutional investors own 86.75% of the company’s stock.
GP Strategies Company Profile
GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.
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