GMR Solutions (NYSE:GMRS) COO Horne Edward Van Sells 262,278 Shares

GMR Solutions Inc. (NYSE:GMRS) COO Horne Edward Van sold 262,278 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $3,199,791.60. Following the completion of the sale, the chief operating officer directly owned 575,004 shares of the company’s stock, valued at approximately $7,015,048.80. This trade represents a 31.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 GMR Solutions stock opened at $13.32 on Tuesday. 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 company has a market cap of $719.55 million and a PE ratio of -8.54. The business’s 50-day simple moving average is $13.29. GMR Solutions Inc. has a 1 year low of $10.26 and a 1 year high of $15.98.

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

Hedge Funds Weigh In On GMR Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in shares of GMR Solutions during the second quarter worth $49,284,000. Alyeska Investment Group L.P. acquired a new stake in shares of GMR Solutions in the 2nd quarter worth $36,817,000. Readystate Asset Management LP acquired a new stake in shares of GMR Solutions in the 2nd quarter worth $12,936,000. Steamboat Capital Partners LLC purchased a new position in GMR Solutions during the 2nd quarter worth $9,184,000. Finally, Squarepoint Ops LLC purchased a new position in GMR Solutions during the 2nd quarter worth $801,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GMRS shares. Citigroup began coverage on shares of GMR Solutions in a research note on Sunday, June 7th. They issued a “buy” rating and a $17.00 price objective for the company. Bank of America initiated coverage on GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $18.00 target price on the stock. Needham & Company LLC set a $18.00 price target on GMR Solutions in a report on Monday, June 8th. Evercore raised GMR Solutions to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Monday, June 8th. Finally, Zacks Research upgraded GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GMR Solutions currently 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.