Lisa Jacoba Sells 92,680 Shares of GMR Solutions (NYSE:GMRS) Stock

GMR Solutions Inc. (NYSE:GMRS) EVP Lisa Jacoba sold 92,680 shares of the business’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 value of $1,130,696.00. Following the transaction, the executive vice president directly owned 198,603 shares in the company, valued at approximately $2,422,956.60. This represents a 31.82% decrease in their position. The transaction was disclosed in a legal 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.

GMR Solutions Stock Performance

NYSE:GMRS opened at $13.32 on Tuesday. The stock has a market cap of $719.55 million and a price-to-earnings ratio of -8.54. The firm’s fifty day moving average is $13.29. GMR Solutions Inc. has a fifty-two week low of $10.26 and a fifty-two week high of $15.98. 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 quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) EPS for the quarter, missing the consensus estimate of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The business’s revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that GMR Solutions Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GMRS. The Goldman Sachs Group set a $30.00 price target on shares of GMR Solutions in a report on Tuesday, August 18th. Barclays began 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 for the company. Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Monday, June 8th. Weiss Ratings initiated coverage on GMR Solutions in a research note on Friday, August 14th. They set a “sell (d)” rating on the stock. Finally, UBS Group started coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 price target on the stock. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.78.

Institutional Trading of GMR Solutions

Large investors have recently made changes to their positions in the stock. Two Sigma Securities LLC bought a new position in shares of GMR Solutions in the second quarter worth about $169,000. Premier Path Wealth Partners LLC purchased a new stake in GMR Solutions in the 2nd quarter valued at about $348,000. Squarepoint Ops LLC bought a new position in GMR Solutions in the 2nd quarter worth about $801,000. Steamboat Capital Partners LLC bought a new position in GMR Solutions in the 2nd quarter worth about $9,184,000. Finally, Readystate Asset Management LP purchased a new position in shares of GMR Solutions during the second quarter worth approximately $12,936,000.

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.