Steamboat Capital Partners LLC Takes Position in GMR Solutions Inc. $GMRS

Steamboat Capital Partners LLC purchased a new stake in GMR Solutions Inc. (NYSE:GMRSFree Report) during the second quarter, HoldingsChannel reports. The firm purchased 594,018 shares of the company’s stock, valued at approximately $9,184,000. GMR Solutions comprises 2.0% of Steamboat Capital Partners LLC’s investment portfolio, making the stock its 16th largest position.

A number of other hedge funds also recently modified their holdings of GMRS. Alyeska Investment Group L.P. bought a new stake in shares of GMR Solutions in the second quarter valued at approximately $36,817,000. Readystate Asset Management LP acquired a new stake in shares of GMR Solutions during the 2nd quarter worth $12,936,000. Citadel Advisors LLC bought a new position in shares of GMR Solutions in the second quarter worth $49,284,000. Squarepoint Ops LLC bought a new position in shares of GMR Solutions in the second quarter worth $801,000. Finally, Premier Path Wealth Partners LLC acquired a new position in GMR Solutions in the second quarter valued at about $348,000.

GMR Solutions Stock Up 3.2%

Shares of GMR Solutions stock opened at $13.89 on Wednesday. The company has a market capitalization of $750.34 million and a PE ratio of -8.90. GMR Solutions Inc. has a twelve month low of $10.26 and a twelve month high of $15.98. The business has a fifty day simple moving average of $13.44. 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:GMRSGet Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Needham & Company LLC set a $18.00 price target on shares of GMR Solutions in a report on Monday, June 8th. Evercore raised GMR Solutions to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Monday, June 8th. Barclays assumed coverage on GMR Solutions in a report on Monday, June 8th. They set an “overweight” rating and a $16.00 price target for the company. Weiss Ratings started coverage on GMR Solutions in a research note on Friday, August 14th. They issued a “sell (d)” rating on the stock. Finally, Citigroup started coverage on GMR Solutions in a research note on Sunday, June 7th. They issued a “buy” rating and a $17.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.67.

Read Our Latest Stock Report on GMRS

GMR Solutions Company Profile

(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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