GMR Solutions Inc. (NYSE:GMRS – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 4,068,015 shares, a growth of 60.9% from the September 15th total of 2,528,187 shares. Approximately 7.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,520,425 shares, the days-to-cover ratio is presently 2.7 days.
Wall Street Analysts Forecast Growth
GMRS has been the topic of several research reports. The Goldman Sachs Group set a $30.00 price target on shares of GMR Solutions in a report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, September 11th. Finally, Weiss Ratings started coverage on shares of GMR Solutions in a research report on Friday, August 14th. They issued a “sell (d)” rating 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.78.
View Our Latest Stock Report on GMR Solutions
Insiders Place Their Bets
In other GMR Solutions news, CFO Brian Scott Tierney sold 265,794 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $3,242,686.80. Following the completion of the transaction, the chief financial officer owned 554,955 shares of the company’s stock, valued at approximately $6,770,451. The trade was a 32.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Also, EVP Lisa Jacoba sold 92,680 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 $1,130,696.00. Following the completion of the transaction, the executive vice president directly owned 198,603 shares of the company’s stock, valued at $2,422,956.60. This trade represents a 31.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,353,423 shares of company stock valued at $28,711,761 over the last ninety days.
Institutional Trading of GMR Solutions
Several institutional investors have recently modified their holdings of the business. State Street Corp acquired a new stake in GMR Solutions in the second quarter valued at $2,542,000. HBK Investments L P acquired a new position in GMR Solutions during the 2nd quarter worth about $3,092,000. Steamboat Capital Partners LLC acquired a new position in GMR Solutions during the 2nd quarter worth about $9,184,000. Squarepoint Ops LLC acquired a new position in GMR Solutions during the 2nd quarter worth about $801,000. Finally, Citadel Advisors LLC acquired a new position in GMR Solutions during the 2nd quarter worth about $49,284,000.
GMR Solutions Trading Down 0.1%
GMRS traded down $0.01 during trading on Friday, reaching $10.38. 20,953 shares of the company’s stock were exchanged, compared to its average volume of 897,633. 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 has a one year low of $8.99 and a one year high of $15.98. The stock has a fifty day moving average price of $12.08. The stock has a market capitalization of $560.73 million and a PE ratio of -6.65.
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 (EPS) for the quarter, missing the consensus estimate of $0.38 by ($2.22). The firm had revenue of $1.49 billion for the quarter. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that GMR Solutions will post 1.68 earnings per share for the current year.
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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