GMR Solutions (NYSE:GMRS) CEO Nicola Loporcaro Sells 1,457,102 Shares of Stock

GMR Solutions Inc. (NYSE:GMRS) CEO Nicola Loporcaro sold 1,457,102 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $17,776,644.40. Following the completion of the transaction, the chief executive officer owned 2,855,580 shares in the company, valued at approximately $34,838,076. This trade represents a 33.79% decrease in their position. The sale was disclosed in a document filed 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 Trading Down 3.8%

Shares of NYSE GMRS opened at $12.75 on Wednesday. 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 Inc. has a 12 month low of $10.26 and a 12 month high of $15.98. The company’s 50 day simple moving average is $13.25. The firm has a market cap of $688.75 million and a PE ratio of -8.17.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings data 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 firm had revenue of $1.49 billion for the quarter. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that GMR Solutions Inc. will post 1.29 EPS for the current year.

GMR Solutions News Summary

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

Hedge funds have recently modified their holdings of the company. Steamboat Capital Partners LLC acquired a new stake in shares of GMR Solutions during the 2nd quarter valued at about $9,184,000. Squarepoint Ops LLC purchased a new position in GMR Solutions during the second quarter worth approximately $801,000. Citadel Advisors LLC purchased a new position in GMR Solutions during the second quarter worth approximately $49,284,000. Readystate Asset Management LP acquired a new stake in GMR Solutions in the second quarter valued at approximately $12,936,000. Finally, Premier Path Wealth Partners LLC acquired a new stake in GMR Solutions in the second quarter valued at approximately $348,000.

Analysts Set New Price Targets

A number of research firms have weighed in on GMRS. Weiss Ratings assumed coverage on GMR Solutions in a research note on Friday, August 14th. They set a “sell (d)” rating for the company. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a report on Tuesday, August 18th. Bank of America assumed coverage on GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $18.00 price target for the company. Zacks Research raised GMR Solutions to a “hold” rating in a report on Tuesday, June 9th. Finally, Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given 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 Company 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.