GP Strategies (NYSE:GPX) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of GP Strategies (NYSE:GPX) from a hold rating to a strong sell rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “GP Strategies Corporation, whose operating subsidiary is General Physics Corporation, is a NYSE listed company. General Physics is a global provider of training and e-Learning solutions, management consulting, and engineering services, improving the effectiveness of organizations by customizing solutions that enhance an organization’s people, processes or technology. “

Separately, ValuEngine downgraded shares of GP Strategies from a hold rating to a sell rating in a report on Thursday, August 1st.

Shares of GPX stock opened at $13.63 on Tuesday. GP Strategies has a 12-month low of $11.77 and a 12-month high of $19.55. The company has a market cap of $237.30 million, a P/E ratio of 15.14, a P/E/G ratio of 0.92 and a beta of 0.82. The company’s 50-day moving average price is $15.24. The company has a quick ratio of 1.83, a current ratio of 1.93 and a debt-to-equity ratio of 0.74.

GP Strategies (NYSE:GPX) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that GP Strategies will post 0.97 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cove Street Capital LLC raised its stake in shares of GP Strategies by 3.8% in the first quarter. Cove Street Capital LLC now owns 2,297,922 shares of the company’s stock worth $27,920,000 after acquiring an additional 84,138 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of GP Strategies by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,120,417 shares of the company’s stock worth $14,129,000 after acquiring an additional 28,556 shares during the last quarter. BlackRock Inc. raised its stake in shares of GP Strategies by 2.3% in the fourth quarter. BlackRock Inc. now owns 753,873 shares of the company’s stock worth $9,508,000 after acquiring an additional 17,253 shares during the last quarter. Royce & Associates LP raised its stake in shares of GP Strategies by 1.7% in the first quarter. Royce & Associates LP now owns 746,539 shares of the company’s stock worth $9,070,000 after acquiring an additional 12,800 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA bought a new position in shares of GP Strategies in the first quarter worth about $5,168,000. 88.71% of the stock is owned by institutional investors.

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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