Alliancebernstein L.P. Invests $214,000 in GP Strategies Corporation (GPX)

Alliancebernstein L.P. purchased a new position in GP Strategies Corporation (NYSE:GPX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,100 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Interstate Bank lifted its position in shares of GP Strategies Corporation by 102.2% in the 2nd quarter. First Interstate Bank now owns 7,785 shares of the company’s stock worth $206,000 after purchasing an additional 3,935 shares during the period. American International Group Inc. lifted its position in shares of GP Strategies Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 7,838 shares of the company’s stock worth $198,000 after purchasing an additional 516 shares during the period. Bessemer Group Inc. lifted its position in shares of GP Strategies Corporation by 24.7% in the 2nd quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock worth $236,000 after purchasing an additional 1,770 shares during the period. Credit Suisse AG acquired a new position in shares of GP Strategies Corporation in the 1st quarter worth approximately $339,000. Finally, Rhumbline Advisers lifted its position in shares of GP Strategies Corporation by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock worth $401,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 89.20% of the company’s stock.

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Shares of GP Strategies Corporation (GPX) opened at $25.15 on Tuesday. The firm has a market cap of $420.43, a price-to-earnings ratio of 19.57, a PEG ratio of 1.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. GP Strategies Corporation has a one year low of $22.70 and a one year high of $31.25.

GP Strategies Corporation (NYSE:GPX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $124.10 million during the quarter, compared to analyst estimates of $125.01 million. GP Strategies Corporation had a net margin of 3.95% and a return on equity of 12.16%. GP Strategies Corporation’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. analysts expect that GP Strategies Corporation will post 1.08 earnings per share for the current fiscal year.

In other GP Strategies Corporation news, Director Marshall S. Geller sold 7,691 shares of the business’s stock in a transaction on 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 sale, the director now owns 141,051 shares in the company, valued at approximately $4,032,648.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marshall S. Geller sold 3,894 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $28.64, for a total transaction of $111,524.16. Following the sale, the director now owns 141,051 shares of the company’s stock, valued at approximately $4,039,700.64. The disclosure for this sale can be found here. Insiders own 25.70% of the company’s stock.

GPX has been the topic of a number of recent analyst reports. Barrington Research boosted their price target on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of GP Strategies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. B. Riley set a $27.00 price objective on shares of GP Strategies Corporation and gave the company a “hold” rating in a research note on Tuesday, October 31st. ValuEngine upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub lowered shares of GP Strategies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.00.

About GP Strategies Corporation

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)

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