GP Strategies Corporation (GPX) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in GP Strategies Corporation (NYSE:GPX) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,455 shares of the company’s stock after selling 1,983 shares during the period. Bank of New York Mellon Corp owned about 0.34% of GP Strategies Corporation worth $1,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. increased its holdings in GP Strategies Corporation by 7.0% in the first quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after buying an additional 516 shares in the last quarter. Bessemer Group Inc. increased its holdings in GP Strategies Corporation by 24.7% in the second quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock valued at $236,000 after buying an additional 1,770 shares in the last quarter. Credit Suisse AG purchased a new position in GP Strategies Corporation in the first quarter valued at $339,000. Wells Fargo & Company MN increased its holdings in GP Strategies Corporation by 30.1% in the first quarter. Wells Fargo & Company MN now owns 15,053 shares of the company’s stock valued at $380,000 after buying an additional 3,486 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in GP Strategies Corporation by 1.7% in the second quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock valued at $401,000 after buying an additional 255 shares in the last quarter. 88.39% of the stock is owned by institutional investors.

Shares of GP Strategies Corporation (GPX) opened at 30.15 on Thursday. The stock has a 50 day moving average of $29.66 and a 200 day moving average of $27.18. The firm has a market cap of $504.26 million, a price-to-earnings ratio of 23.55 and a beta of 0.93. GP Strategies Corporation has a 12 month low of $22.70 and a 12 month high of $31.25.

GP Strategies Corporation (NYSE:GPX) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $131.16 million during the quarter, compared to the consensus estimate of $131.20 million. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. GP Strategies Corporation’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. On average, equities research analysts expect that GP Strategies Corporation will post $1.27 EPS for the current fiscal year.

In other news, VP Kenneth L. Crawford sold 3,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $28.77, for a total value of $86,310.00. Following the completion of the transaction, the vice president now owns 28,691 shares in the company, valued at approximately $825,440.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marshall S. Geller sold 7,691 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $28.59, for a total transaction of $219,885.69. Following the completion of the transaction, the director now owns 141,051 shares of the company’s stock, valued at approximately $4,032,648.09. The disclosure for this sale can be found here. Insiders sold a total of 21,317 shares of company stock valued at $608,101 in the last quarter. Insiders own 25.70% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/10/19/gp-strategies-corporation-gpx-holdings-trimmed-by-bank-of-new-york-mellon-corp.html.

GPX has been the subject of a number of recent analyst reports. BidaskClub raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. B. Riley reaffirmed a “neutral” rating and issued a $27.00 price objective on shares of GP Strategies Corporation in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of GP Strategies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, TheStreet upgraded shares of GP Strategies Corporation from a “c+” rating to a “b-” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. GP Strategies Corporation has a consensus rating of “Hold” and an average target price of $30.00.

GP Strategies Corporation Profile

GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.

Institutional Ownership by Quarter for GP Strategies Corporation (NYSE:GPX)

Receive News & Ratings for GP Strategies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply