GMR Solutions (NYSE:GMRS) CFO Sells $3,242,686.80 in Stock

GMR Solutions Inc. (NYSE:GMRS) CFO Brian Scott Tierney sold 265,794 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $3,242,686.80. Following the sale, the chief financial officer owned 554,955 shares in the company, valued at approximately $6,770,451. This trade represents a 32.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Stock Performance

Shares of NYSE:GMRS opened at $13.32 on Tuesday. GMR Solutions Inc. has a 52-week low of $10.26 and a 52-week high of $15.98. The stock has a fifty day moving average of $13.29. The stock has a market capitalization of $719.55 million and a price-to-earnings ratio of -8.54. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01.

GMR Solutions (NYSE:GMRS) last released its earnings results on Wednesday, August 12th. The company reported ($1.84) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The company had revenue of $1.49 billion during the quarter. GMR Solutions’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings started coverage on GMR Solutions in a research report on Friday, August 14th. They set a “sell (d)” rating on the stock. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a research report on Tuesday, August 18th. UBS Group initiated coverage on GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $20.00 target price for the company. Morgan Stanley began coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price target on the stock. Finally, Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. One research 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 company’s stock. According to data from MarketBeat.com, GMR Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.78.

Institutional Trading of GMR Solutions

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

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.