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

GMR Solutions Inc. (NYSE:GMRS) CAO Jessica Hall sold 23,687 shares of GMR Solutions stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $288,981.40. Following the completion of the sale, the chief accounting officer owned 62,566 shares in the company, valued at approximately $763,305.20. The trade was a 27.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Trading Down 1.9%

NYSE:GMRS opened at $12.72 on Friday. The business’s 50 day moving average price is $13.14. GMR Solutions Inc. has a 12 month low of $10.26 and a 12 month high of $15.98. The stock has a market cap of $687.13 million and a price-to-earnings ratio of -8.15. 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) last released its 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 firm had revenue of $1.49 billion during the quarter. GMR Solutions’s revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that GMR Solutions Inc. will post 1.2 earnings per share for the current year.

Hedge Funds Weigh In On GMR Solutions

Institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new stake in shares of GMR Solutions during the 2nd quarter worth approximately $169,000. Premier Path Wealth Partners LLC purchased a new position in GMR Solutions in the second quarter worth approximately $348,000. Squarepoint Ops LLC purchased a new position in GMR Solutions in the second quarter worth approximately $801,000. HBK Investments L P acquired a new stake in GMR Solutions during the second quarter worth $3,092,000. Finally, Steamboat Capital Partners LLC acquired a new stake in GMR Solutions during the second quarter worth $9,184,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on GMRS. UBS Group assumed coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued a “buy” rating and a $20.00 target price for the company. Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. Morgan Stanley assumed coverage on GMR Solutions in a report on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price on the stock. Citigroup initiated coverage on GMR Solutions in a research report on Sunday, June 7th. They issued a “buy” rating and a $17.00 price target for the company. Finally, Needham & Company LLC set a $18.00 price objective on GMR Solutions in a research report on Monday, June 8th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.