GMR Solutions Inc. (GMRS) – What Are Researchers Thinking About This Stock?

Shares of GMR Solutions Inc. (NYSE:GMRS) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $18.78.

Several brokerages have weighed in on GMRS. The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lifted their price target on shares of GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, September 11th. Finally, Weiss Ratings started coverage on shares of GMR Solutions in a research note on Friday, August 14th. They issued a “sell (d)” rating on the stock.

GMR Solutions Trading Down 3.3%

NYSE GMRS opened at $10.05 on Friday. The stock has a market cap of $542.92 million and a PE ratio of -6.44. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. GMR Solutions has a twelve month low of $8.99 and a twelve month high of $15.98. The business’s fifty day simple moving average is $12.03.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The company 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. Research analysts predict that GMR Solutions will post 1.68 EPS for the current year.

Insider Activity

In related news, EVP Lisa Jacoba sold 92,680 shares of GMR Solutions stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $1,130,696.00. Following the completion of the sale, the executive vice president owned 198,603 shares in the company, valued at approximately $2,422,956.60. This trade represents a 31.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Scott Tierney sold 265,794 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $3,242,686.80. Following the completion of the sale, the chief financial officer directly owned 554,955 shares in the company, valued at approximately $6,770,451. The trade was a 32.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,353,423 shares of company stock worth $28,711,761 in the last three months.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GMRS. Citadel Advisors LLC acquired a new stake in shares of GMR Solutions in the second quarter valued at $49,284,000. Alyeska Investment Group L.P. acquired a new position in GMR Solutions during the 2nd quarter worth about $36,817,000. Readystate Asset Management LP purchased a new position in GMR Solutions during the 2nd quarter valued at about $12,936,000. Steamboat Capital Partners LLC purchased a new position in GMR Solutions during the 2nd quarter valued at about $9,184,000. Finally, HBK Investments L P purchased a new position in GMR Solutions during the 2nd quarter valued at about $3,092,000.

GMR Solutions Company Profile

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.