GMR Solutions (NYSE:GMRS) EVP Sells 251,882 Shares

GMR Solutions Inc. (NYSE:GMRS) EVP Thomas A. Cook sold 251,882 shares of GMR Solutions 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 $3,072,960.40. Following the completion of the transaction, the executive vice president owned 675,686 shares of the company’s stock, valued at approximately $8,243,369.20. The trade was a 27.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Trading Up 4.2%

Shares of NYSE GMRS opened at $13.32 on Tuesday. GMR Solutions Inc. has a twelve month low of $10.26 and a twelve month high of $15.98. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50. The company has a market cap of $719.55 million and a P/E ratio of -8.54. The firm has a 50 day moving average price of $13.29.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings results 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 company had revenue of $1.49 billion during the quarter. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that GMR Solutions Inc. will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On GMR Solutions

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of GMR Solutions in the 2nd quarter worth about $49,284,000. Alyeska Investment Group L.P. acquired a new position in GMR Solutions during the 2nd quarter valued at about $36,817,000. Readystate Asset Management LP acquired a new position in GMR Solutions during the 2nd quarter valued at about $12,936,000. Steamboat Capital Partners LLC bought a new position in GMR Solutions in the 2nd quarter worth about $9,184,000. Finally, Squarepoint Ops LLC bought a new position in GMR Solutions in the 2nd quarter worth about $801,000.

Analyst Upgrades and Downgrades

GMRS has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. Bank of America started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $18.00 price objective for the company. UBS Group started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Research raised GMR Solutions to a “hold” rating in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.78.

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.