GMR Solutions (NYSE:GMRS) EVP Lisa Jacoba Sells 92,680 Shares of Stock

GMR Solutions Inc. (NYSE:GMRS) EVP Lisa Jacoba sold 92,680 shares of GMR Solutions stock in a transaction on Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $1,130,696.00. Following the completion of the transaction, the executive vice president owned 198,603 shares in the company, valued at $2,422,956.60. This trade represents a 31.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Price Performance

GMR Solutions stock opened at $12.75 on Wednesday. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. GMR Solutions Inc. has a fifty-two week low of $10.26 and a fifty-two week high of $15.98. The stock’s fifty day moving average price is $13.25. The firm has a market cap of $688.75 million and a price-to-earnings ratio of -8.17.

GMR Solutions (NYSE:GMRS) last posted 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 firm had revenue of $1.49 billion during the quarter. GMR Solutions’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that GMR Solutions Inc. will post 1.29 earnings per share for the current year.

Institutional Trading of GMR Solutions

Several institutional investors have recently modified their holdings of the company. Steamboat Capital Partners LLC bought a new stake in shares of GMR Solutions during the second quarter valued at approximately $9,184,000. Squarepoint Ops LLC acquired a new position in shares of GMR Solutions in the second quarter valued at $801,000. Citadel Advisors LLC bought a new position in GMR Solutions in the second quarter worth $49,284,000. Readystate Asset Management LP bought a new position in GMR Solutions in the second quarter worth $12,936,000. Finally, Premier Path Wealth Partners LLC acquired a new stake in GMR Solutions during the second quarter worth $348,000.

Key Headlines Impacting GMR Solutions

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $30.00 price objective on shares of GMR Solutions in a research note on Tuesday, August 18th. Bank of America started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $18.00 target price for the company. Citigroup assumed coverage on shares of GMR Solutions in a report on Sunday, June 7th. They issued a “buy” rating and a $17.00 price target for the company. Evercore upgraded shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Monday, June 8th. Finally, UBS Group initiated coverage on shares of GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, GMR Solutions presently 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.