The stock of GP Strategies Corp (NYSE:GPX) hit a new 52-week high and has $69.30 target or 144.00% above today’s $28.40 share price. The 6 months bullish chart indicates low risk for the $477.43 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $69.30 price target is reached, the company will be worth $687.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 29,807 shares traded hands or 34.28% up from the average. GP Strategies Corp (NYSE:GPX) has risen 10.77% since April 11, 2016 and is uptrending. It has outperformed by 4.62% the S&P500.
GP Strategies Corp (NYSE:GPX) Ratings Coverage
Out of 3 analysts covering GP Strategies (NYSE:GPX), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. GP Strategies has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Roth Capital given on Thursday, October 29. The company was downgraded on Wednesday, November 2 by B. Riley & Co. The firm has “Buy” rating given on Friday, February 26 by B. Riley & Co. The company was upgraded on Thursday, October 29 by TH Capital. The rating was downgraded by Roth Capital to “Neutral” on Monday, August 3. TH Capital downgraded the stock to “Neutral” rating in Monday, August 3 report.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.78, from 1.84 in 2016Q1. The ratio dropped, as 10 funds sold all GP Strategies Corp shares owned while 26 reduced positions. 9 funds bought stakes while 29 increased positions. They now own 13.09 million shares or 9.45% less from 14.46 million shares in 2016Q1.
Mesirow Fin Investment Mgmt last reported 0.01% of its portfolio in the stock. California State Teachers Retirement holds 0% of its portfolio in GP Strategies Corp (NYSE:GPX) for 26,706 shares. Fmr Limited Liability Corporation has invested 0% of its portfolio in GP Strategies Corp (NYSE:GPX). Pnc Fincl Gru owns 727,724 shares or 0.02% of their US portfolio. Geode Capital Llc holds 0% of its portfolio in GP Strategies Corp (NYSE:GPX) for 104,690 shares. Tiaa Cref Management owns 48,344 shares or 0% of their US portfolio. Blackrock Mgmt Lc, a New Jersey-based fund reported 51,610 shares. Teacher Retirement Systems Of Texas holds 0% or 1,904 shares in its portfolio. Rice Hall James & Assoc Ltd Limited Liability Company holds 0.12% of its portfolio in GP Strategies Corp (NYSE:GPX) for 92,422 shares. The New York-based Bnp Paribas Arbitrage has invested 0% in GP Strategies Corp (NYSE:GPX). Moreover, Savings Bank Of America Corp De has 0% invested in GP Strategies Corp (NYSE:GPX) for 72,528 shares. Manatuck Hill Limited Co holds 0.42% or 43,521 shares in its portfolio. Sagard Prns Mngmt holds 23.8% or 3.52 million shares in its portfolio. Ativo Mngmt Limited Company holds 0.17% of its portfolio in GP Strategies Corp (NYSE:GPX) for 32,485 shares. Tower Rech Cap Lc (Trc) has 0% invested in the company for 104 shares.
Insider Transactions: Since August 2, 2016, the stock had 44 insider purchases, and 0 sales for $5.96 million net activity. The insider ROBINSON SAMUEL D. bought 9,699 shares worth $238,902. Sagard Capital Partners – L.P. bought $233,200 worth of GP Strategies Corp (NYSE:GPX) on Wednesday, September 14. Another trade for 1,500 shares valued at $33,825 was made by STRAIT A MARVIN on Tuesday, August 2.
More news for GP Strategies Corp (NYSE:GPX) were recently published by: Prnewswire.com, which released: “GP Strategies Earns 13 Brandon Hall Excellence in Learning Awards” on October 11, 2016. Seekingalpha.com‘s article titled: “GP Strategies Corp. (GPX) CEO Scott Greenberg on Q2 2016 Results – Earnings …” and published on July 31, 2016 is yet another important article.
GPX Company Profile
GP Strategies Corporation (GP Strategies), incorporated on March 11, 1959, is a performance improvement solutions well-known provider of training, e-Learning solutions, management consulting and engineering services. The Firm operates through four divisions: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Company’s clients include companies, and governmental and other commercial clients in a range of industries. The Company’s services and products include Training, which includes Content and Curriculum Development, e-Learning, Learning and Training Outsourcing, Documentation Development and specialized training areas; Consulting, including training-related consulting services, as well as traditional business management and specialized consulting, including the areas of lean enterprise, engineering, information technology, customer loyalty, performance readiness, homeland security and emergency management, and maintenance and reliability, and Engineering and Technical Services, which supports facilities, processes and systems in multiple capacities, including power plant performance, alternative fueling station design and engineering, technical support and environmental services.