GMR Solutions (NYSE:GMRS) CFO Brian Scott Tierney Sells 265,794 Shares of Stock

GMR Solutions Inc. (NYSE:GMRS) CFO Brian Scott Tierney sold 265,794 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $3,242,686.80. Following the completion of the transaction, the chief financial officer owned 554,955 shares in the company, valued at approximately $6,770,451. This trade represents a 32.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

GMR Solutions Stock Down 3.8%

GMR Solutions stock opened at $12.75 on Wednesday. The firm has a 50-day moving average of $13.25. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $688.75 million and a PE ratio of -8.17. GMR Solutions Inc. has a twelve month low of $10.26 and a twelve month high of $15.98.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings data 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 during the quarter. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore raised shares of 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. Barclays began coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $16.00 price target 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 price objective on shares of GMR Solutions in a report on Monday, June 8th. Finally, Wall Street Zen upgraded shares of GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GMR Solutions has an average rating of “Moderate Buy” and a consensus target price of $18.78.

Trending Headlines about GMR Solutions

Here are the key news stories impacting GMR Solutions this week:

• Positive Sentiment: The insider transactions were explicitly described as sales to satisfy tax withholding obligations related to equity-award vesting, which reduces the likelihood that the trades represent discretionary decisions to exit the stock. Executives continue to hold significant positions in GMRS. SEC insider transaction filing
• Neutral Sentiment: GMR Solutions presented at the Morgan Stanley 24th Annual Global Healthcare Conference. The available transcript reference does not provide specific new guidance, financial targets, or material developments that would clearly change the investment outlook. Morgan Stanley healthcare conference transcript
• Negative Sentiment: Six executives sold approximately 2.35 million shares worth about $28.7 million at an average price of $12.20. The sales included CEO Nicola Loporcaro selling roughly 1.46 million shares, along with substantial sales by the CFO, COO, and other senior officers. The scale of the transactions is likely weighing on GMRS despite the stated tax-related purpose. SEC CEO insider transaction filing

Institutional Investors Weigh In On GMR Solutions

A number of large investors have recently bought and sold shares of GMRS. Steamboat Capital Partners LLC bought a new position in GMR Solutions in the 2nd quarter valued at about $9,184,000. Squarepoint Ops LLC bought a new stake in shares of GMR Solutions during the 2nd quarter worth approximately $801,000. Citadel Advisors LLC bought a new stake in shares of GMR Solutions during the 2nd quarter worth approximately $49,284,000. Readystate Asset Management LP acquired a new stake in shares of GMR Solutions during the 2nd quarter worth approximately $12,936,000. Finally, Premier Path Wealth Partners LLC bought a new position in GMR Solutions in the second quarter valued at approximately $348,000.

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.