Steamboat Capital Partners LLC Purchases Shares of 594,018 GMR Solutions Inc. $GMRS

Steamboat Capital Partners LLC acquired a new position in shares of GMR Solutions Inc. (NYSE:GMRS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 594,018 shares of the company’s stock, valued at approximately $9,184,000. GMR Solutions makes up 2.0% of Steamboat Capital Partners LLC’s holdings, making the stock its 16th largest position. Steamboat Capital Partners LLC owned about 1.10% of GMR Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Alyeska Investment Group L.P. bought a new position in shares of GMR Solutions in the second quarter worth about $36,817,000. Two Sigma Securities LLC acquired a new stake in shares of GMR Solutions in the second quarter valued at approximately $169,000. Premier Path Wealth Partners LLC acquired a new stake in shares of GMR Solutions in the second quarter valued at approximately $348,000. Readystate Asset Management LP bought a new position in GMR Solutions in the 2nd quarter worth approximately $12,936,000. Finally, Citadel Advisors LLC bought a new position in GMR Solutions in the 2nd quarter worth approximately $49,284,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GMRS. Wall Street Zen raised GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. Citigroup assumed coverage on GMR Solutions in a report on Sunday, June 7th. They set a “buy” rating and a $17.00 price objective for the company. Needham & Company LLC set a $18.00 target price on shares of GMR Solutions in a research note on Monday, June 8th. Evercore upgraded shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Monday, June 8th. Finally, Morgan Stanley started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set an “equal weight” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GMR Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $18.67.

GMR Solutions Trading Up 3.2%

GMR Solutions stock opened at $13.89 on Wednesday. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $750.34 million and a price-to-earnings ratio of -8.90. The stock’s 50-day moving average is $13.44. GMR Solutions Inc. has a 1 year low of $10.26 and a 1 year high of $15.98.

GMR Solutions (NYSE:GMRS) last announced 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 for the quarter. GMR Solutions’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts anticipate that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

GMR Solutions 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.