GMR Solutions (NYSE:GMRS) CEO Sells $17,776,644.40 in Stock

GMR Solutions Inc. (NYSE:GMRS) CEO Nicola Loporcaro sold 1,457,102 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $17,776,644.40. Following the completion of the sale, the chief executive officer owned 2,855,580 shares in the company, valued at approximately $34,838,076. The trade was a 33.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 NYSE GMRS opened at $13.32 on Tuesday. The business’s 50-day moving average is $13.29. 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 1-year low of $10.26 and a 1-year high of $15.98. The stock has a market cap of $719.55 million and a P/E ratio of -8.54.

GMR Solutions (NYSE:GMRS) last announced 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. GMR Solutions’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GMRS shares. Morgan Stanley assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price target for the company. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a report on Monday, June 8th. JPMorgan Chase & Co. lifted their price target on shares of GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup began coverage on shares of GMR Solutions in a research report on Sunday, June 7th. They issued a “buy” rating and a $17.00 price target for the company. Finally, The Goldman Sachs Group set a $30.00 price objective on shares of GMR Solutions in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GMR Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.78.

Institutional Investors Weigh In On GMR Solutions

Several large investors have recently modified their holdings of the company. Steamboat Capital Partners LLC purchased a new position in shares of GMR Solutions during the second quarter worth approximately $9,184,000. Squarepoint Ops LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at $801,000. Citadel Advisors LLC purchased a new stake in GMR Solutions in the 2nd quarter valued at $49,284,000. Readystate Asset Management LP purchased a new stake in GMR Solutions in the 2nd quarter valued at $12,936,000. Finally, Premier Path Wealth Partners LLC acquired a new stake in GMR Solutions during the 2nd quarter worth $348,000.

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.