Alyeska Investment Group L.P. acquired a new stake in GMR Solutions Inc. (NYSE:GMRS - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 2,381,425 shares of the company's stock, valued at approximately $36,817,000. Alyeska Investment Group L.P. owned approximately 4.41% of GMR Solutions at the end of the most recent quarter.
GMR Solutions Stock Performance
Shares of NYSE GMRS opened at $12.68 on Monday. The stock's 50-day simple moving average is $13.59. GMR Solutions Inc. has a 1 year low of $10.26 and a 1 year high of $15.98. The stock has a market capitalization of $684.97 million and a price-to-earnings ratio of -8.13. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01.
GMR Solutions (NYSE:GMRS - Get Free Report) last released its earnings results 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 company's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that GMR Solutions Inc. will post 1.29 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Barclays initiated coverage on GMR Solutions in a research note on Monday, June 8th. They set an "overweight" rating and a $16.00 target price on the stock. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research report on Tuesday, August 18th. Evercore raised GMR Solutions to a "strong-buy" rating and set a $20.00 price target on the stock in a research report on Monday, June 8th. UBS Group started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued a "buy" rating and a $20.00 price target for the company. Finally, Wall Street Zen upgraded GMR Solutions to a "hold" rating in a research report on Saturday, May 23rd. One investment 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 issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.67.
Read Our Latest Research Report on GMRS
About GMR Solutions
(
Free Report)
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.
See Also
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