Insider Selling: GMR Solutions (NYSE:GMRS) CAO Sells $288,981.40 in Stock

Key Points

• GMR Solutions CAO Jessica Hall sold 23,687 shares at an average price of $12.20, generating $288,981.40. The sale reduced her direct holdings by 27.46% and was made to cover tax withholding on vested equity awards.
• GMR Solutions recently reported a quarterly loss of $1.84 per share, missing the $0.38 consensus estimate by $2.22, while revenue rose 3.3% year over year to $1.49 billion.
• Despite the earnings miss, institutional investors established sizable new positions and analysts maintain a “Moderate Buy” consensus, with an average price target of $18.78 versus the stock’s $13.32 opening price.

GMR Solutions Inc. (NYSE:GMRS - Get Free Report) CAO Jessica Hall sold 23,687 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $288,981.40. Following the completion of the transaction, the chief accounting officer directly owned 62,566 shares in the company, valued at approximately $763,305.20. This trade represents a 27.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Up 4.2%

NYSE:GMRS opened at $13.32 on Tuesday. GMR Solutions Inc. has a 12-month low of $10.26 and a 12-month high of $15.98. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $719.55 million and a price-to-earnings ratio of -8.54. The business has a fifty day moving average of $13.29.

GMR Solutions (NYSE:GMRS - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($2.22). The company had revenue of $1.49 billion during the quarter. The firm's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that GMR Solutions Inc. will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On GMR Solutions

Several large investors have recently modified their holdings of GMRS. Alyeska Investment Group L.P. acquired a new stake in shares of GMR Solutions during the second quarter worth about $36,817,000. Readystate Asset Management LP bought a new position in shares of GMR Solutions during the 2nd quarter valued at about $12,936,000. Citadel Advisors LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at approximately $49,284,000. Steamboat Capital Partners LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at approximately $9,184,000. Finally, Squarepoint Ops LLC bought a new stake in GMR Solutions during the 2nd quarter worth approximately $801,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Needham & Company LLC set a $18.00 price target on GMR Solutions in a research note on Monday, June 8th. Wall Street Zen raised shares of GMR Solutions to a "hold" rating in a research note on Saturday, May 23rd. The Goldman Sachs Group set a $30.00 price objective on shares of GMR Solutions in a report on Tuesday, August 18th. Evercore raised shares of GMR Solutions to a "strong-buy" rating and set a $20.00 target price for the company in a research note on Monday, June 8th. Finally, Barclays started coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued an "overweight" rating and a $16.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, GMR Solutions has a consensus rating of "Moderate Buy" and an average target price of $18.78.

GMR Solutions Company Profile

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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