GMR Solutions (NYSE:GMRS) Stock Falls 6.7% – Time to Sell?

GMR Solutions Inc. (NYSE:GMRS)’s share price dropped 6.7% during mid-day trading on Monday. The stock traded as low as $10.30 and last traded at $10.32. Approximately 340,533 shares changed hands during trading, a decline of 61% from the average daily volume of 883,274 shares. The stock had previously closed at $11.06.

Analyst Upgrades and Downgrades

GMRS has been the topic of several recent analyst reports. Zacks Research raised GMR Solutions to a “hold” rating in a report on Tuesday, June 9th. Weiss Ratings started coverage on GMR Solutions in a report on Friday, August 14th. They set a “sell (d)” rating for the company. Morgan Stanley initiated coverage on 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. Barclays started coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $16.00 price objective on the stock. Finally, 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. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.78.

GMR Solutions Price Performance

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 50 day moving average price of $12.68. The firm has a market cap of $532.12 million and a price-to-earnings ratio of -6.31.

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 business had revenue of $1.49 billion during the quarter. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that GMR Solutions Inc. will post 1.2 earnings per share for the current year.

Insider Buying and Selling at GMR Solutions

In related news, EVP Thomas A. A Cook sold 251,882 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 $3,072,960.40. Following the completion of the sale, the executive vice president directly owned 675,686 shares of the company’s stock, valued at $8,243,369.20. This trade represents a 27.16% decrease in their ownership of the stock. 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, CFO Brian Scott Tierney sold 265,794 shares of GMR Solutions stock in a transaction on Monday, September 14th. The shares were 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 owned 554,955 shares in the company, valued at approximately $6,770,451. This trade represents a 32.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 2,353,423 shares of company stock valued at $28,711,761.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new stake in GMR Solutions in the 2nd quarter valued at approximately $36,817,000. HBK Investments L P purchased a new position in shares of GMR Solutions during the 2nd quarter worth approximately $3,092,000. State Street Corp acquired a new stake in shares of GMR Solutions in the 2nd quarter valued at approximately $2,542,000. Readystate Asset Management LP acquired a new stake in shares of GMR Solutions in the 2nd quarter valued at approximately $12,936,000. Finally, Citadel Advisors LLC acquired a new stake in shares of GMR Solutions in the 2nd quarter valued at approximately $49,284,000.

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.