GMR Solutions (NYSE:GMRS) CAO Jessica Hall Sells 23,687 Shares

GMR Solutions Inc. (NYSE:GMRS) CAO Jessica Hall sold 23,687 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $288,981.40. Following the transaction, the chief accounting officer directly owned 62,566 shares in the company, valued at $763,305.20. This trade represents a 27.46% decrease in their position. The transaction was disclosed in a legal filing 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.

GMR Solutions Stock Down 3.8%

Shares of GMR Solutions stock opened at $12.75 on Wednesday. The company has a market cap of $688.75 million and a PE ratio of -8.17. 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 Inc. has a 12-month low of $10.26 and a 12-month high of $15.98. The business’s 50 day moving average is $13.25.

GMR Solutions (NYSE:GMRS) last released its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($2.22). The company had revenue of $1.49 billion for the quarter. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that GMR Solutions Inc. will post 1.29 EPS for the current year.

Key GMR Solutions News

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

A number of research analysts have recently commented on GMRS shares. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a research report on Monday, June 8th. Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a report on Saturday, May 23rd. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a report on Tuesday, August 18th. Finally, Evercore raised GMR Solutions to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Monday, June 8th. One equities 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.78.

Institutional Investors Weigh In On GMR Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Two Sigma Securities LLC acquired a new stake in GMR Solutions during the 2nd quarter valued at $169,000. Premier Path Wealth Partners LLC acquired a new position in shares of GMR Solutions in the second quarter valued at $348,000. Squarepoint Ops LLC acquired a new position in shares of GMR Solutions in the second quarter valued at $801,000. Steamboat Capital Partners LLC bought a new position in shares of GMR Solutions in the second quarter valued at about $9,184,000. Finally, Readystate Asset Management LP bought a new position in shares of GMR Solutions in the second quarter valued at about $12,936,000.

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.