Brian Scott Tierney Sells 265,794 Shares of GMR Solutions (NYSE:GMRS) Stock

Key Points

• CFO Brian Scott Tierney sold 265,794 GMR Solutions shares at an average price of $12.20, generating $3.24 million. The sale was made to cover tax-withholding obligations tied to vested equity awards and reduced his ownership by 32.38%.
• GMR Solutions reported a quarterly loss of $1.84 per share, missing analysts’ $0.38 estimate by $2.22, while revenue rose 3.3% year over year to $1.49 billion.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $18.78 versus the stock’s reported $13.32 price.

GMR Solutions Inc. (NYSE:GMRS - Get Free Report) 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 value of $3,242,686.80. Following the completion of the transaction, the chief financial officer owned 554,955 shares of the company's stock, valued at approximately $6,770,451. This trade represents a 32.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Stock Performance

NYSE:GMRS opened at $13.32 on Tuesday. The company's fifty day moving average is $13.29. The company has a market cap of $719.55 million and a price-to-earnings ratio of -8.54. 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 Inc. has a 52-week low of $10.26 and a 52-week high of $15.98.

GMR Solutions (NYSE:GMRS - Get Free Report) last issued its 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 business had revenue of $1.49 billion during the quarter. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts predict that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GMRS shares. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a research report on Monday, June 8th. Evercore raised shares of GMR Solutions to a "strong-buy" rating and set a $20.00 target price on the stock in a report on Monday, June 8th. Citigroup started coverage on shares of GMR Solutions in a research note on Sunday, June 7th. They issued a "buy" rating and a $17.00 target price on the stock. Bank of America assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a "buy" rating and a $18.00 price target for the company. Finally, UBS Group initiated coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set a "buy" rating and a $20.00 price target for the company. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.78.

Institutional Trading of GMR Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Securities LLC bought a new stake in shares of GMR Solutions during the 2nd quarter valued at about $169,000. Premier Path Wealth Partners LLC bought a new position in shares of GMR Solutions in the second quarter worth approximately $348,000. Squarepoint Ops LLC bought a new position in shares of GMR Solutions in the second quarter worth approximately $801,000. Steamboat Capital Partners LLC bought a new position in shares of GMR Solutions in the second quarter worth approximately $9,184,000. Finally, Readystate Asset Management LP purchased a new stake in GMR Solutions in the second quarter valued at approximately $12,936,000.

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.

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