GMR Solutions Inc. (NYSE:GMRS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of GMR Solutions Inc. (NYSE:GMRS) have been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.7778.

GMRS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, September 11th. Needham & Company LLC set a $18.00 target price on GMR Solutions in a research report on Monday, June 8th. Zacks Research raised GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. UBS Group started coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Evercore upgraded shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Monday, June 8th.

Trending Headlines about 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

Insiders Place Their Bets

In related news, EVP Lisa Jacoba sold 92,680 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were 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 owned 198,603 shares of the company’s stock, valued at $2,422,956.60. This represents a 31.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Scott Tierney sold 265,794 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 554,955 shares in the company, valued at $6,770,451. This represents a 32.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,353,423 shares of company stock worth $28,711,761 over the last 90 days.

Hedge Funds Weigh In On GMR Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of GMRS. Citadel Advisors LLC bought a new stake in shares of GMR Solutions during the second quarter worth about $49,284,000. Alyeska Investment Group L.P. bought a new position in GMR Solutions in the 2nd quarter valued at approximately $36,817,000. Readystate Asset Management LP acquired a new stake in GMR Solutions during the 2nd quarter worth approximately $12,936,000. Steamboat Capital Partners LLC acquired a new stake in GMR Solutions during the 2nd quarter worth approximately $9,184,000. Finally, Squarepoint Ops LLC bought a new stake in GMR Solutions during the 2nd quarter worth approximately $801,000.

GMR Solutions Price Performance

NYSE GMRS opened at $12.75 on Wednesday. The business’s fifty day simple moving average is $13.25. 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 fifty-two week low of $10.26 and a fifty-two week high of $15.98. The company has a market capitalization of $688.75 million and a PE ratio of -8.17.

GMR Solutions (NYSE:GMRS) last issued 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 during the quarter. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that GMR Solutions will post 1.29 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.