Insider Selling: GMR Solutions (NYSE:GMRS) EVP Sells $1,130,696.00 in Stock

GMR Solutions Inc. (NYSE:GMRS) EVP Lisa Jacoba sold 92,680 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 transaction of $1,130,696.00. Following the transaction, the executive vice president owned 198,603 shares of the company’s stock, valued at approximately $2,422,956.60. This represents a 31.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Price Performance

NYSE GMRS opened at $12.72 on Friday. The business’s fifty day simple moving average is $13.14. 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 fifty-two week low of $10.26 and a fifty-two week high of $15.98. The company has a market capitalization of $687.13 million and a PE ratio of -8.15.

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 the consensus estimate of $0.38 by ($2.22). The firm had revenue of $1.49 billion during the quarter. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that GMR Solutions Inc. will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

GMRS has been the topic of a number of recent analyst reports. Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Monday, June 8th. Weiss Ratings initiated coverage on shares of GMR Solutions in a research note on Friday, August 14th. They issued a “sell (d)” rating on the stock. The Goldman Sachs Group set a $30.00 price target on shares of GMR Solutions in a report on Tuesday, August 18th. Morgan Stanley started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GMR Solutions has an average rating of “Moderate Buy” and a consensus target price of $18.78.

Institutional Investors Weigh In On GMR Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of GMRS. Alyeska Investment Group L.P. acquired a new position in GMR Solutions in the 2nd quarter worth about $36,817,000. HBK Investments L P acquired a new stake in shares of GMR Solutions during the second quarter valued at about $3,092,000. Readystate Asset Management LP bought a new stake in shares of GMR Solutions during the second quarter worth about $12,936,000. Citadel Advisors LLC bought a new stake in shares of GMR Solutions during the second quarter worth about $49,284,000. Finally, Steamboat Capital Partners LLC acquired a new position in shares of GMR Solutions in the second quarter valued at approximately $9,184,000.

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.