GMR Solutions (NYSE:GMRS) COO Horne Edward Van Sells 262,278 Shares of Stock

GMR Solutions Inc. (NYSE:GMRS) COO Horne Edward Van sold 262,278 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $3,199,791.60. Following the completion of the sale, the chief operating officer directly owned 575,004 shares of the company’s stock, valued at approximately $7,015,048.80. This trade represents a 31.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Price Performance

Shares of GMRS stock opened at $12.75 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50. GMR Solutions Inc. has a one year low of $10.26 and a one year high of $15.98. The company’s fifty day moving average price is $13.25. The company has a market cap of $688.75 million and a P/E ratio of -8.17.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings results 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 business had revenue of $1.49 billion during the quarter. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts expect that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of GMR Solutions

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of GMR Solutions during the 2nd quarter valued at approximately $49,284,000. Alyeska Investment Group L.P. bought a new stake in GMR Solutions in the second quarter worth $36,817,000. Readystate Asset Management LP bought a new stake in GMR Solutions in the second quarter worth $12,936,000. Steamboat Capital Partners LLC purchased a new stake in GMR Solutions during the second quarter valued at $9,184,000. Finally, Squarepoint Ops LLC purchased a new stake in GMR Solutions during the second quarter valued at $801,000.

GMR Solutions News Roundup

Here are the key news stories impacting GMR Solutions this week:

• Positive Sentiment: The insider transactions were explicitly described as sales to satisfy tax withholding obligations related to equity-award vesting, which reduces the likelihood that the trades represent discretionary decisions to exit the stock. Executives continue to hold significant positions in GMRS. SEC insider transaction filing
• Neutral Sentiment: GMR Solutions presented at the Morgan Stanley 24th Annual Global Healthcare Conference. The available transcript reference does not provide specific new guidance, financial targets, or material developments that would clearly change the investment outlook. Morgan Stanley healthcare conference transcript
• Negative Sentiment: Six executives sold approximately 2.35 million shares worth about $28.7 million at an average price of $12.20. The sales included CEO Nicola Loporcaro selling roughly 1.46 million shares, along with substantial sales by the CFO, COO, and other senior officers. The scale of the transactions is likely weighing on GMRS despite the stated tax-related purpose. SEC CEO insider transaction filing

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays started coverage on GMR Solutions in a research note on Monday, June 8th. They set an “overweight” rating and a $16.00 target price on the stock. Morgan Stanley began coverage on shares of GMR Solutions in a report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price objective for the company. UBS Group started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $20.00 price objective on the stock. The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a report on Tuesday, August 18th. Finally, Weiss Ratings started coverage on shares of GMR Solutions in a research report on Friday, August 14th. They set a “sell (d)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, GMR Solutions presently has an average rating of “Moderate Buy” and an average 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.