GMR Solutions (NYSE:GMRS) Shares Down 4.5% – Should You Sell?

Shares of GMR Solutions Inc. (NYSE:GMRS) fell 4.5% on Monday . The company traded as low as $11.89 and last traded at $11.96. 49,060 shares were traded during mid-day trading, a decline of 94% from the average session volume of 881,586 shares. The stock had previously closed at $12.53.

Analysts Set New Price Targets

GMRS has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued an “equal weight” rating and a $14.00 price objective for the company. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. Barclays began 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. Citigroup assumed coverage on GMR Solutions in a research report on Sunday, June 7th. They set a “buy” rating and a $17.00 price target on the stock. Finally, Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Monday, June 8th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.78.

GMR Solutions Stock Down 1.7%

The company has a market cap of $613.13 million and a PE ratio of -7.28. The firm’s fifty day simple moving average is $12.97. 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 (NYSE:GMRS) last posted its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The firm had revenue of $1.49 billion for the quarter. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts anticipate that GMR Solutions Inc. will post 1.2 earnings per share for the current year.

Insider Transactions at GMR Solutions

In other news, 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 transaction of $1,130,696.00. Following the completion of the sale, the executive vice president owned 198,603 shares in the company, valued at $2,422,956.60. The trade was a 31.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Thomas A. A. Cook sold 251,882 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 $3,072,960.40. Following the sale, the executive vice president owned 675,686 shares of the company’s stock, valued at approximately $8,243,369.20. This represents a 27.16% 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. Over the last 90 days, insiders sold 2,353,423 shares of company stock worth $28,711,761.

Hedge Funds Weigh In On GMR Solutions

A number of large investors have recently made changes to their positions in the company. State Street Corp bought a new stake in GMR Solutions in the 2nd quarter valued at $2,542,000. HBK Investments L P acquired a new stake in shares of GMR Solutions during the second quarter worth $3,092,000. Steamboat Capital Partners LLC acquired a new position in shares of GMR Solutions in the second quarter valued at about $9,184,000. Squarepoint Ops LLC bought a new position in GMR Solutions during the second quarter worth about $801,000. Finally, Citadel Advisors LLC bought a new position in GMR Solutions during the second quarter worth about $49,284,000.

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.