Citadel Advisors LLC Has $860,000 Position in GP Strategies Corp (GPX)
Citadel Advisors LLC lifted its position in shares of GP Strategies Corp (NYSE:GPX) by 75.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,878 shares of the company’s stock after acquiring an additional 21,080 shares during the period. Citadel Advisors LLC’s holdings in GP Strategies were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Teton Advisors Inc. increased its position in shares of GP Strategies by 19.7% during the second quarter. Teton Advisors Inc. now owns 121,271 shares of the company’s stock valued at $2,134,000 after acquiring an additional 20,000 shares in the last quarter. Summit Global Investments bought a new stake in shares of GP Strategies during the second quarter valued at approximately $605,000. Dimensional Fund Advisors LP increased its position in shares of GP Strategies by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,056,073 shares of the company’s stock valued at $18,587,000 after acquiring an additional 49,034 shares in the last quarter. BlackRock Inc. increased its position in shares of GP Strategies by 5.2% during the second quarter. BlackRock Inc. now owns 731,786 shares of the company’s stock valued at $12,881,000 after acquiring an additional 36,380 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of GP Strategies by 31.2% during the second quarter. Royce & Associates LP now owns 478,758 shares of the company’s stock valued at $8,426,000 after acquiring an additional 113,968 shares in the last quarter. 87.75% of the stock is owned by institutional investors.
NYSE:GPX opened at $18.95 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.15. GP Strategies Corp has a 12 month low of $17.15 and a 12 month high of $31.25. The company has a market capitalization of $314.17 million, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.15 and a beta of 0.77.
Several equities research analysts recently weighed in on GPX shares. Zacks Investment Research raised shares of GP Strategies from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. B. Riley reduced their price target on shares of GP Strategies from $25.75 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.
GP Strategies 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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