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 stock in a transaction on Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $288,981.40. Following the sale, the chief accounting officer directly owned 62,566 shares of the company’s stock, valued at $763,305.20. This represents a 27.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Stock Up 4.2%

Shares of NYSE:GMRS opened at $13.32 on Tuesday. GMR Solutions Inc. has a 12 month low of $10.26 and a 12 month high of $15.98. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. The stock’s fifty day moving average is $13.29. The firm has a market capitalization of $719.55 million and a price-to-earnings ratio of -8.54.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GMRS shares. Wall Street Zen raised GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. Needham & Company LLC set a $18.00 target price on GMR Solutions in a research report on Monday, June 8th. Bank of America initiated coverage on GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Research raised shares of GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.78.

Hedge Funds Weigh In On GMR Solutions

A number of large investors have recently modified their holdings of GMRS. Two Sigma Securities LLC bought a new position in shares of GMR Solutions in the 2nd quarter valued at about $169,000. Premier Path Wealth Partners LLC acquired a new position in GMR Solutions during the second quarter valued at approximately $348,000. Squarepoint Ops LLC acquired a new position in GMR Solutions during the second quarter valued at approximately $801,000. Steamboat Capital Partners LLC bought a new position in GMR Solutions in the second quarter valued at approximately $9,184,000. Finally, Readystate Asset Management LP bought a new position in GMR Solutions in the second quarter valued at approximately $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.