GEE Group Inc. (NYSE:JOB) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lessened its holdings in shares of GEE Group Inc. (NYSE:JOB) by 60.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,002 shares of the company’s stock after selling 295,878 shares during the quarter. Alpha Cubed Investments LLC owned 0.18% of GEE Group worth $50,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cable Car Capital LLC purchased a new position in shares of GEE Group during the 4th quarter valued at approximately $2,843,000. Raffles Associates LP boosted its stake in GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after acquiring an additional 150,873 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after acquiring an additional 176,043 shares in the last quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

GEE Group Price Performance

NYSE:JOB opened at $0.26 on Wednesday. The company has a market cap of $28.42 million, a PE ratio of 5.19 and a beta of 0.48. The business’s 50 day moving average is $0.27 and its two-hundred day moving average is $0.31. GEE Group Inc. has a 52 week low of $0.23 and a 52 week high of $0.61.

GEE Group (NYSE:JOB) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $29.46 million for the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of GEE Group in a research note on Friday, October 4th. They issued a “buy” rating on the stock.

GEE Group Profile

GEE Group Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, engineering professionals for direct hire and contract staffing services, and data entry assistants; and temporary staffing services for industrial clients.