Can GP Strategies Corporation (GPX)’s Tomorrow be Different? The Stock Formed a Wedge Down Chart Pattern

August 18, 2018 - By Lisa Delgado

GP Strategies Corporation (NYSE:GPX) Logo

Investors sentiment decreased to 1.65 in Q1 2018. Its down 0.19, from 1.84 in 2017Q4. It is negative, as 8 investors sold GP Strategies Corporation shares while 18 reduced holdings. 12 funds opened positions while 31 raised stakes. 14.26 million shares or 0.02% more from 14.26 million shares in 2017Q4 were reported.
Morgan Stanley reported 80,736 shares. Ameritas Inv Ptnrs owns 1,007 shares. Alphaone Investment Svcs Ltd has 1.28% invested in GP Strategies Corporation (NYSE:GPX). D E Shaw owns 0% invested in GP Strategies Corporation (NYSE:GPX) for 99,903 shares. New York-based Indexiq Advsrs Limited Liability Corporation has invested 0.07% in GP Strategies Corporation (NYSE:GPX). Rhumbline Advisers reported 0% stake. Prescott Gru Capital Ltd invested in 213,581 shares or 1.05% of the stock. 3,589 were reported by Great West Life Assurance Can. Perritt Capital reported 133,800 shares or 0.79% of all its holdings. Deutsche Commercial Bank Ag reported 0% of its portfolio in GP Strategies Corporation (NYSE:GPX). United Kingdom-based Barclays Pcl has invested 0% in GP Strategies Corporation (NYSE:GPX). Schwerin Boyle Mgmt Inc holds 233,706 shares. Bessemer Grp Inc holds 27,950 shares or 0% of its portfolio. First Interstate State Bank holds 8,030 shares or 0.04% of its portfolio. Massachusetts-based Martingale Asset Management Lp has invested 0.02% in GP Strategies Corporation (NYSE:GPX).

Since May 8, 2018, it had 2 insider buys, and 0 selling transactions for $137,395 activity.

The stock of GP Strategies Corporation (GPX) formed a down wedge with $18.28 target or 3.00 % below today’s $18.85 share price. The 7 months wedge indicates high risk for the $311.69M company. If the $18.28 price target is reached, the company will be worth $9.35 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.62% or $0.3 during the last trading session, reaching $18.85. About 88,759 shares traded or 106.25% up from the average. GP Strategies Corporation (NYSE:GPX) has declined 19.27% since August 18, 2017 and is downtrending. It has underperformed by 31.84% the S&P500.

Analysts await GP Strategies Corporation (NYSE:GPX) to report earnings on November, 1. They expect $0.24 EPS, down 17.24 % or $0.05 from last year’s $0.29 per share. GPX’s profit will be $3.97 million for 19.64 P/E if the $0.24 EPS becomes a reality. After $0.34 actual EPS reported by GP Strategies Corporation for the previous quarter, Wall Street now forecasts -29.41 % negative EPS growth.

GP Strategies Corporation (NYSE:GPX) Ratings Coverage

Among 3 analysts covering GP Strategies (NYSE:GPX), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GP Strategies had 5 analyst reports since February 26, 2018 according to SRatingsIntel. Roth Capital maintained the stock with “Buy” rating in Thursday, March 1 report. Barrington maintained GP Strategies Corporation (NYSE:GPX) rating on Tuesday, May 1. Barrington has “Buy” rating and $3000 target. The rating was maintained by FBR Capital with “Buy” on Wednesday, August 1. The firm has “Buy” rating given on Monday, February 26 by Barrington. The firm has “Buy” rating given on Tuesday, February 27 by FBR Capital.

More news for GP Strategies Corporation (NYSE:GPX) were recently published by: Streetinsider.com, which released: “GP Strategies (GPX) Reports Election of Tamar Elkeles, Jacques Manardo and Mimi Strouse to Board” on August 15, 2018. Streetinsider.com‘s article titled: “GP Strategies (GPX) Tops Q2 EPS by 13c, Miss on Revenues” and published on July 31, 2018 is yet another important article.

GP Strategies Corporation provides customized training solutions focused on performance improvement initiatives worldwide. The company has market cap of $311.69 million. The firm operates through four business divisions: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. It has a 34.97 P/E ratio. The Learning Solutions segment delivers training, curriculum design and development, e-learning, system hosting, and training business process outsourcing and consulting services to electronics and semiconductors, healthcare, software, financial, and other industries, as well as to government agencies; and vocational skills training and human capital management services.

GP Strategies Corporation (NYSE:GPX) Institutional Positions Chart

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