GMR Solutions (NYSE:GMRS) EVP Sells $3,072,960.40 in Stock

GMR Solutions Inc. (NYSE:GMRS) EVP Thomas A. Cook sold 251,882 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $3,072,960.40. Following the completion of the sale, the executive vice president directly owned 675,686 shares in the company, valued at approximately $8,243,369.20. This represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Price Performance

GMR Solutions stock opened at $12.72 on Friday. GMR Solutions Inc. has a 1-year low of $10.26 and a 1-year high of $15.98. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $687.13 million and a PE ratio of -8.15. The company has a fifty day simple moving average of $13.14.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($2.22). The firm had revenue of $1.49 billion during the quarter. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts expect that GMR Solutions Inc. will post 1.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GMR Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of GMR Solutions during the second quarter worth about $49,284,000. Alyeska Investment Group L.P. purchased a new position in shares of GMR Solutions in the 2nd quarter valued at approximately $36,817,000. Readystate Asset Management LP acquired a new position in shares of GMR Solutions in the second quarter valued at approximately $12,936,000. Steamboat Capital Partners LLC acquired a new position in shares of GMR Solutions in the second quarter valued at approximately $9,184,000. Finally, HBK Investments L P purchased a new stake in shares of GMR Solutions during the second quarter worth approximately $3,092,000.

Wall Street Analysts Forecast Growth

GMRS has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, September 11th. Morgan Stanley started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price objective for the company. Weiss Ratings assumed coverage on shares of GMR Solutions in a report on Friday, August 14th. They issued a “sell (d)” rating for the company. The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research report on Tuesday, August 18th. Finally, Evercore upgraded shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, GMR Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $18.78.

About GMR Solutions

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.