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

GMR Solutions Inc. (NYSE:GMRSGet Free Report) EVP Lisa Jacoba sold 92,680 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 $1,130,696.00. Following the completion of the transaction, the executive vice president directly owned 198,603 shares in the company, valued at approximately $2,422,956.60. This represents a 31.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Price Performance

GMRS stock opened at $13.32 on Tuesday. GMR Solutions Inc. has a 1-year low of $10.26 and a 1-year high of $15.98. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50. The company has a market cap of $719.55 million and a P/E ratio of -8.54. The business has a 50 day simple moving average of $13.29.

GMR Solutions (NYSE:GMRSGet Free Report) last released its quarterly earnings data 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 company’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GMRS has been the subject of several research analyst reports. UBS Group initiated coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $20.00 target price for the company. Bank of America initiated coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $18.00 price target on the stock. Wall Street Zen upgraded GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. Needham & Company LLC set a $18.00 target price on GMR Solutions in a report on Monday, June 8th. Finally, Barclays assumed coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $16.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.78.

Check Out Our Latest Stock Report on GMR Solutions

Hedge Funds Weigh In On GMR Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in shares of GMR Solutions in the 2nd quarter worth about $49,284,000. Alyeska Investment Group L.P. bought a new position in shares of GMR Solutions in the 2nd quarter valued at about $36,817,000. Readystate Asset Management LP bought a new position in shares of GMR Solutions in the 2nd quarter valued at about $12,936,000. Steamboat Capital Partners LLC purchased a new position in GMR Solutions in the second quarter worth about $9,184,000. Finally, Squarepoint Ops LLC purchased a new position in GMR Solutions in the second quarter worth about $801,000.

GMR Solutions Company Profile

(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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