GP Strategies Corp (NYSE:GPX) – Equities researchers at B. Riley dropped their FY2018 earnings per share estimates for GP Strategies in a research note issued on Wednesday, November 7th. B. Riley analyst Z. Cummins now forecasts that the company will post earnings per share of $1.09 for the year, down from their previous estimate of $1.16. B. Riley currently has a “Buy” rating and a $24.00 price target on the stock. B. Riley also issued estimates for GP Strategies’ FY2019 earnings at $1.23 EPS.
Separately, Zacks Investment Research lowered shares of GP Strategies from a “hold” rating to a “sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.
NYSE GPX opened at $14.14 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $240.75 million, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.88 and a beta of 0.85. GP Strategies has a 52-week low of $13.62 and a 52-week high of $26.80.
GP Strategies (NYSE:GPX) last announced its earnings results on Tuesday, November 6th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $123.57 million for the quarter, compared to the consensus estimate of $127.97 million. GP Strategies had a net margin of 1.77% and a return on equity of 10.79%.
Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of GP Strategies during the 3rd quarter valued at about $268,000. Summit Global Investments acquired a new stake in shares of GP Strategies during the 2nd quarter valued at about $605,000. Millennium Management LLC boosted its position in shares of GP Strategies by 88.6% during the 1st quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock valued at $858,000 after acquiring an additional 17,809 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of GP Strategies by 39.7% during the 1st quarter. JPMorgan Chase & Co. now owns 45,771 shares of the company’s stock valued at $1,036,000 after acquiring an additional 12,997 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of GP Strategies by 75.8% during the 2nd quarter. Citadel Advisors LLC now owns 48,878 shares of the company’s stock valued at $860,000 after acquiring an additional 21,080 shares in the last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.
In related news, Director Marshall S. Geller purchased 2,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were bought at an average cost of $16.57 per share, for a total transaction of $33,140.00. Following the transaction, the director now directly owns 148,254 shares of the company’s stock, valued at approximately $2,456,568.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 25.70% 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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