GMR Solutions (NYSE:GMRS) EVP Sells $3,072,960.40 in Stock

Key Points

• Executive Vice President Thomas A. Cook sold 251,882 shares of GMR Solutions at an average price of $12.20, generating $3.07 million. The sale covered tax-withholding obligations tied to vested equity awards and reduced his stake by 27.16% to 675,686 shares.
• GMR Solutions reported a quarterly loss of $1.84 per share, missing the $0.38 consensus estimate, while revenue rose 3.3% year over year to $1.49 billion.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $18.78 versus the stock’s $13.32 opening price. Several institutional investors, including Citadel Advisors and Alyeska Investment Group, also initiated positions during the second quarter.

GMR Solutions Inc. (NYSE:GMRS - Get Free Report) EVP Thomas A. Cook sold 251,882 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 $3,072,960.40. Following the completion of the transaction, the executive vice president owned 675,686 shares in the company, valued at $8,243,369.20. The trade was a 27.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Price Performance

NYSE GMRS opened at $13.32 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50. GMR Solutions Inc. has a 1-year low of $10.26 and a 1-year high of $15.98. The firm has a market cap of $719.55 million and a price-to-earnings ratio of -8.54. The company has a 50-day moving average price of $13.29.

GMR Solutions (NYSE:GMRS - Get Free Report) last posted its quarterly 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 company had revenue of $1.49 billion for the quarter. GMR Solutions's revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on GMRS. JPMorgan Chase & Co. raised their price objective on GMR Solutions from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday. Evercore upgraded GMR Solutions to a "strong-buy" rating and set a $20.00 target price on the stock in a report on Monday, June 8th. Wall Street Zen upgraded GMR Solutions to a "hold" rating in a report on Saturday, May 23rd. Weiss Ratings began coverage on shares of GMR Solutions in a research report on Friday, August 14th. They set a "sell (d)" rating on the stock. Finally, The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.78.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in GMR Solutions during the 2nd quarter worth $49,284,000. Alyeska Investment Group L.P. acquired a new stake in shares of GMR Solutions in the 2nd quarter valued at about $36,817,000. Readystate Asset Management LP acquired a new stake in shares of GMR Solutions in the 2nd quarter valued at about $12,936,000. Steamboat Capital Partners LLC bought a new position in shares of GMR Solutions during the second quarter worth about $9,184,000. Finally, Squarepoint Ops LLC bought a new position in shares of GMR Solutions during the second quarter worth 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.