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

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GMRS shares. Barclays started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $16.00 price objective on the stock. Weiss Ratings initiated coverage on GMR Solutions in a research report on Friday, August 14th. They issued a “sell (d)” rating on the stock. Morgan Stanley began coverage on GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price objective for the company. Citigroup assumed coverage on GMR Solutions in a research note on Sunday, June 7th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Needham & Company LLC set a $18.00 price target on GMR Solutions in a report on Monday, June 8th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, GMR Solutions has an average rating of “Moderate Buy” and an average target price of $18.78.

GMR Solutions Price Performance

The business’s 50-day moving average price is $13.08. The stock has a market cap of $637.44 million and a PE ratio of -7.56. 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 posted its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) 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 revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that GMR Solutions Inc. will post 1.2 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jessica Hall sold 23,687 shares of the company’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 $288,981.40. Following the transaction, the chief accounting officer owned 62,566 shares of the company’s stock, valued at approximately $763,305.20. This represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $3,242,686.80. Following the completion of the transaction, the chief financial officer owned 554,955 shares of the company’s stock, valued at $6,770,451. This trade represents a 32.38% decrease in their ownership of the stock. 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 three months, insiders sold 2,353,423 shares of company stock valued at $28,711,761.

Institutional Trading of GMR Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GMRS. Citadel Advisors LLC acquired a new position in shares of GMR Solutions during the 2nd quarter valued at about $49,284,000. Alyeska Investment Group L.P. acquired a new position in GMR Solutions during the second quarter worth approximately $36,817,000. Readystate Asset Management LP purchased a new position in GMR Solutions during the second quarter worth approximately $12,936,000. Steamboat Capital Partners LLC purchased a new position in GMR Solutions during the second quarter worth approximately $9,184,000. Finally, HBK Investments L P acquired a new position in shares of GMR Solutions in the 2nd quarter valued at $3,092,000.

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.