GMR Solutions Inc. (NYSE:GMRS) Stock Short Interest Report for September

GMR Solutions Inc. (NYSE:GMRS) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 4,068,015 shares, a growth of 60.9% from the September 15th total of 2,528,187 shares. Based on an average trading volume of 1,520,425 shares, the days-to-cover ratio is currently 2.7 days. Currently, 7.5% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities analysts have commented on GMRS shares. JPMorgan Chase & Co. upped their price objective on shares of GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, September 11th. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a research report on Tuesday, August 18th. Finally, Weiss Ratings started coverage on GMR Solutions in a research report on Friday, August 14th. They issued a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.78.

Insiders Place Their Bets

In other GMR Solutions news, CAO Jessica Hall sold 23,687 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 $288,981.40. Following the sale, the chief accounting officer owned 62,566 shares in the company, valued at $763,305.20. This represents a 27.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Thomas A. A Cook sold 251,882 shares of the firm’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 $3,072,960.40. Following the completion of the sale, the executive vice president directly owned 675,686 shares in the company, valued at approximately $8,243,369.20. This trade represents a 27.16% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 2,353,423 shares of company stock valued at $28,711,761.

Institutional Investors Weigh In On GMR Solutions

Institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new position in shares of GMR Solutions during the second quarter worth about $169,000. Premier Path Wealth Partners LLC acquired a new position in GMR Solutions in the second quarter worth about $348,000. Squarepoint Ops LLC bought a new stake in GMR Solutions in the second quarter valued at about $801,000. State Street Corp bought a new stake in GMR Solutions in the second quarter valued at about $2,542,000. Finally, HBK Investments L P bought a new stake in GMR Solutions in the second quarter valued at about $3,092,000.

GMR Solutions Stock Down 3.3%

Shares of GMRS stock opened at $10.05 on Friday. The firm has a market capitalization of $542.92 million and a PE ratio of -6.44. 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 has a fifty-two week low of $8.99 and a fifty-two week high of $15.98. The firm’s 50 day simple moving average is $12.03.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The business had revenue of $1.49 billion during the quarter. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that GMR Solutions will post 1.68 EPS for the current fiscal year.

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.