Insider Selling: GMR Solutions (NYSE:GMRS) COO Sells 262,278 Shares of Stock

Key Points

• GMR Solutions COO Horne Edward Van sold 262,278 shares at an average price of $12.20, generating approximately $3.2 million. The sale covered tax-withholding obligations tied to vested equity awards and reduced his direct ownership by 31.32% to 575,004 shares.
• GMR Solutions reported quarterly EPS of -$1.84, missing analyst expectations of $0.38, while revenue rose 3.3% year over year to $1.49 billion.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $18.78, despite one sell rating. The stock opened at $13.32 and has traded between $10.26 and $15.98 over the past year.

GMR Solutions Inc. (NYSE:GMRS - Get Free Report) COO Horne Edward Van sold 262,278 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $3,199,791.60. Following the completion of the sale, the chief operating officer directly owned 575,004 shares in the company, valued at $7,015,048.80. This trade represents a 31.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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

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

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 firm had revenue of $1.49 billion during the quarter. The business's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that GMR Solutions Inc. will post 1.29 EPS for the current year.

Institutional Trading of GMR Solutions

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

Analyst Upgrades and Downgrades

Several brokerages have commented on GMRS. Weiss Ratings assumed coverage on GMR Solutions in a research report on Friday, August 14th. They issued a "sell (d)" rating on the stock. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a research report on Tuesday, August 18th. Needham & Company LLC set a $18.00 target price on shares of GMR Solutions in a research note on Monday, June 8th. Citigroup initiated coverage on shares of GMR Solutions in a report on Sunday, June 7th. They issued a "buy" rating and a $17.00 price target on the stock. Finally, UBS Group started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued a "buy" rating and a $20.00 price target on the stock. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.78.

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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