TIAA CREF Investment Management LLC decreased its position in shares of GP Strategies Corporation (NYSE:GPX) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,334 shares of the company’s stock after selling 2,860 shares during the quarter. TIAA CREF Investment Management LLC owned 0.21% of GP Strategies Corporation worth $906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Falcon Point Capital LLC grew its stake in shares of GP Strategies Corporation by 0.5% during the 2nd quarter. Falcon Point Capital LLC now owns 40,817 shares of the company’s stock worth $1,078,000 after purchasing an additional 204 shares during the period. Rhumbline Advisers grew its stake in shares of GP Strategies Corporation by 1.7% during 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. American International Group Inc. grew its stake in shares of GP Strategies Corporation by 7.0% during 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. Bank of New York Mellon Corp grew its stake in shares of GP Strategies Corporation by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 59,438 shares of the company’s stock worth $1,503,000 after purchasing an additional 871 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of GP Strategies Corporation by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 71,564 shares of the company’s stock worth $1,890,000 after purchasing an additional 987 shares during the period. 89.26% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on GPX. Barrington Research raised their price objective on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. TheStreet raised shares of GP Strategies Corporation from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, July 31st. B. Riley reissued a “neutral” rating and issued a $27.00 price target on shares of GP Strategies Corporation in a research note on Friday, July 28th. Finally, ValuEngine raised shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.00.

Shares of GP Strategies Corporation (GPX) opened at $25.05 on Friday. GP Strategies Corporation has a one year low of $22.70 and a one year high of $31.25. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10. The stock has a market cap of $420.44, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92.

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

In related news, insider David A. Gugala sold 6,732 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $28.28, for a total value of $190,380.96. Following the sale, the insider now directly owns 8,810 shares in the company, valued at approximately $249,146.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marshall S. Geller sold 7,691 shares of the business’s 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 sale, the director now owns 141,051 shares in the company, valued at $4,032,648.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,317 shares of company stock worth $521,791. Insiders own 25.70% of the company’s stock.

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.

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

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