GMR Solutions Inc. (GMRS) – What Are Researchers Thinking About This Stock?

Shares of GMR Solutions Inc. (NYSE:GMRS) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.78.

A number of equities analysts have issued reports on GMRS shares. The Goldman Sachs Group set a $30.00 price objective on shares of GMR Solutions in a report on Tuesday, August 18th. Weiss Ratings assumed coverage on shares of GMR Solutions in a report on Friday, August 14th. They issued a “sell (d)” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, September 11th.

GMR Solutions Stock Down 9.6%

GMR Solutions stock opened at $11.25 on Thursday. GMR Solutions has a 1-year low of $8.99 and a 1-year high of $15.98. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a fifty day simple moving average of $11.35.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. The company had revenue of $1.60 billion for the quarter. Analysts anticipate that GMR Solutions will post 1.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Horne Edward Van sold 262,278 shares of GMR Solutions stock in a transaction on 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 sale, the chief operating officer directly owned 575,004 shares in the company, valued at $7,015,048.80. The trade was a 31.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Scott Tierney sold 265,794 shares of the business’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 $3,242,686.80. Following the completion of the transaction, the chief financial officer directly owned 554,955 shares in the company, valued at $6,770,451. This trade represents a 32.38% decrease in their ownership of the stock. 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. Insiders sold a total of 2,353,423 shares of company stock valued at $28,711,761 over the last quarter.

Hedge Funds Weigh In On GMR Solutions

Several institutional investors and hedge funds have recently bought and sold shares of GMRS. Two Sigma Securities LLC bought a new position in shares of GMR Solutions during the 2nd quarter worth $169,000. Royce & Associates LP purchased a new stake in GMR Solutions in the 3rd quarter worth about $123,000. State of Wyoming bought a new stake in GMR Solutions in the 3rd quarter valued at about $137,000. Premier Path Wealth Partners LLC bought a new stake in GMR Solutions in the 2nd quarter valued at about $348,000. Finally, Squarepoint Ops LLC bought a new stake in GMR Solutions in the 2nd quarter valued at about $801,000.

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.