Key Points
- EVP Thomas A. Cook sold 251,882 GMRS shares for approximately $3.07 million at $12.20 per share, reducing his ownership by 27.16%. The sale was disclosed as covering tax-withholding obligations tied to vested equity awards.
- GMR Solutions reported quarterly revenue of $1.49 billion, up 3.3% year over year, but posted an EPS loss of $1.84, missing the $0.38 consensus estimate by $2.22.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $18.78 versus the stock’s reported $12.75 opening price.
GMR Solutions Inc. (NYSE:GMRS - Get Free Report) CAO Jessica Hall sold 23,687 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $288,981.40. Following the sale, the chief accounting officer owned 62,566 shares of the company's stock, valued at approximately $763,305.20. This represents a 27.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
GMR Solutions Trading Down 3.8%
GMR Solutions stock opened at $12.75 on Wednesday. The firm has a market capitalization of $688.75 million and a P/E ratio of -8.17. 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 12 month low of $10.26 and a 12 month high of $15.98. The company has a 50 day moving average price of $13.25.
GMR Solutions (NYSE:GMRS - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($2.22). The company had revenue of $1.49 billion during the quarter. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on GMRS. Bank of America began coverage on GMR Solutions in a report on Monday, June 8th. They set a "buy" rating and a $18.00 target price for the company. UBS Group began 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. The Goldman Sachs Group set a $30.00 price target on shares of GMR Solutions in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of GMR Solutions to a "hold" rating in a research note on Saturday, May 23rd. 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 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued 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 an average rating of "Moderate Buy" and a consensus price target of $18.78.
Read Our Latest Analysis on GMRS
More GMR Solutions News
Here are the key news stories impacting GMR Solutions this week:
- Positive Sentiment: The insider transactions were explicitly described as sales to satisfy tax withholding obligations related to equity-award vesting, which reduces the likelihood that the trades represent discretionary decisions to exit the stock. Executives continue to hold significant positions in GMRS. SEC insider transaction filing
- Neutral Sentiment: GMR Solutions presented at the Morgan Stanley 24th Annual Global Healthcare Conference. The available transcript reference does not provide specific new guidance, financial targets, or material developments that would clearly change the investment outlook. Morgan Stanley healthcare conference transcript
- Negative Sentiment: Six executives sold approximately 2.35 million shares worth about $28.7 million at an average price of $12.20. The sales included CEO Nicola Loporcaro selling roughly 1.46 million shares, along with substantial sales by the CFO, COO, and other senior officers. The scale of the transactions is likely weighing on GMRS despite the stated tax-related purpose. SEC CEO insider transaction filing
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Steamboat Capital Partners LLC acquired a new position in GMR Solutions in the second quarter valued at about $9,184,000. Squarepoint Ops LLC acquired a new stake in GMR Solutions during the second quarter worth about $801,000. Citadel Advisors LLC acquired a new stake in GMR Solutions during the second quarter worth about $49,284,000. Readystate Asset Management LP bought a new position in GMR Solutions in the 2nd quarter valued at about $12,936,000. Finally, Premier Path Wealth Partners LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at approximately $348,000.
About GMR Solutions
(
Get Free Report)
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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