Nicola Loporcaro Sells 1,457,102 Shares of GMR Solutions (NYSE:GMRS) Stock

Key Points

• CEO Nicola Loporcaro sold 1.46 million GMR Solutions shares for approximately $17.8 million at an average price of $12.20. The sale covered tax-withholding obligations tied to vested equity awards and reduced his stake by 33.79%.
• GMR Solutions recently 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.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $18.78 versus the stock’s reported $13.32 opening price.

GMR Solutions Inc. (NYSE:GMRS - Get Free Report) CEO Nicola Loporcaro sold 1,457,102 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $17,776,644.40. Following the completion of the sale, the chief executive officer owned 2,855,580 shares of the company's stock, valued at approximately $34,838,076. The trade was a 33.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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%

Shares of NYSE:GMRS opened at $13.32 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. The company has a fifty day moving average of $13.29. The stock has a market cap of $719.55 million and a PE ratio of -8.54. 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 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 firm had revenue of $1.49 billion during the quarter. The company's revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that GMR Solutions Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on GMRS. Needham & Company LLC set a $18.00 price target on shares of GMR Solutions in a research note on Monday, June 8th. Morgan Stanley started coverage on GMR Solutions in a report on Monday, June 8th. They issued an "equal weight" rating and a $14.00 price objective on the stock. Evercore upgraded GMR Solutions to a "strong-buy" rating and set a $20.00 price objective for the company in a research report on Monday, June 8th. Citigroup began coverage on GMR Solutions in a research report on Sunday, June 7th. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Wall Street Zen upgraded GMR Solutions to a "hold" rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, GMR Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $18.78.

Institutional Trading of GMR Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMRS. Citadel Advisors LLC acquired a new stake in shares of GMR Solutions in the second quarter valued at $49,284,000. Alyeska Investment Group L.P. purchased a new position in GMR Solutions during the 2nd quarter valued at about $36,817,000. Readystate Asset Management LP purchased a new position in GMR Solutions during the 2nd quarter valued at about $12,936,000. Steamboat Capital Partners LLC acquired a new position in GMR Solutions in the 2nd quarter valued at about $9,184,000. Finally, Squarepoint Ops LLC purchased a new stake in GMR Solutions during the second quarter worth about $801,000.

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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