Citadel Advisors LLC Makes New Investment in GMR Solutions Inc. $GMRS

Citadel Advisors LLC bought a new stake in shares of GMR Solutions Inc. (NYSE:GMRS) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,187,840 shares of the company’s stock, valued at approximately $49,284,000. Citadel Advisors LLC owned approximately 0.06% of GMR Solutions at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GMRS. Alyeska Investment Group L.P. acquired a new position in shares of GMR Solutions during the 2nd quarter valued at about $36,817,000. Two Sigma Securities LLC bought a new stake in GMR Solutions during the second quarter worth approximately $169,000. Premier Path Wealth Partners LLC bought a new stake in GMR Solutions during the second quarter worth approximately $348,000. Finally, Readystate Asset Management LP acquired a new position in GMR Solutions during the second quarter valued at approximately $12,936,000.

GMR Solutions Trading Up 0.1%

Shares of GMR Solutions stock opened at $13.48 on Monday. GMR Solutions Inc. has a 1 year low of $10.26 and a 1 year high of $15.98. The business has a fifty day moving average of $13.49. The firm has a market capitalization of $728.19 million and a P/E ratio of -8.64. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. Needham & Company LLC set a $18.00 target price on shares of GMR Solutions in a report on Monday, June 8th. Bank of America assumed coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $18.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They set an “overweight” rating and a $15.00 price target for the company. Finally, The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.67.

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.