HBK Investments L P Makes New $3.09 Million Investment in GMR Solutions Inc. $GMRS

HBK Investments L P bought a new position in shares of GMR Solutions Inc. (NYSE:GMRS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 200,000 shares of the company’s stock, valued at approximately $3,092,000.

Other hedge funds also recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new stake in shares of GMR Solutions in the second quarter valued at about $169,000. Premier Path Wealth Partners LLC acquired a new position in shares of GMR Solutions during the 2nd quarter worth about $348,000. Squarepoint Ops LLC acquired a new position in shares of GMR Solutions during the 2nd quarter worth about $801,000. Steamboat Capital Partners LLC bought a new stake in GMR Solutions during the 2nd quarter valued at approximately $9,184,000. Finally, Readystate Asset Management LP bought a new stake in GMR Solutions during the 2nd quarter valued at approximately $12,936,000.

Insider Buying and Selling

In other news, EVP Lisa Jacoba sold 92,680 shares of GMR Solutions 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 $1,130,696.00. Following the sale, the executive vice president owned 198,603 shares of the company’s stock, valued at approximately $2,422,956.60. This trade represents a 31.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 that occurred 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 sale, the chief financial officer owned 554,955 shares in the company, valued at approximately $6,770,451. This 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. In the last three months, insiders have sold 2,353,423 shares of company stock worth $28,711,761.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GMRS shares. JPMorgan Chase & Co. raised their target price on GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, September 11th. Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 price target for the company in a report on Monday, June 8th. Citigroup initiated coverage on GMR Solutions in a research report on Sunday, June 7th. They issued a “buy” rating and a $17.00 price objective for the company. Morgan Stanley assumed coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued an “equal weight” rating and a $14.00 price objective on the stock. Finally, The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research report on Tuesday, August 18th. 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 data from MarketBeat, GMR Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.78.

GMR Solutions Price Performance

Shares of NYSE GMRS traded up $0.27 during mid-day trading on Wednesday, hitting $13.00. The company had a trading volume of 2,377,868 shares, compared to its average volume of 831,175. GMR Solutions Inc. has a 12 month low of $10.26 and a 12 month high of $15.98. The company has a market cap of $702.26 million and a price-to-earnings ratio of -8.33. The firm’s 50-day moving average price is $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.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($2.22). The company had revenue of $1.49 billion during the quarter. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that GMR Solutions Inc. will post 1.29 EPS for the current year.

More GMR Solutions News

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

• Positive Sentiment: Analysts remain broadly constructive on GMR Solutions, with a consensus rating of “Moderate Buy” and an average price target of $18.78. Bank of America, UBS, Goldman Sachs, and Barclays have issued positive ratings or targets ranging from $16 to $30. Analyst ratings and price targets
• Positive Sentiment: Several institutional investors, including Citadel Advisors, Steamboat Capital Partners, Readystate Asset Management, and Squarepoint Ops, established or added positions during the second quarter, suggesting continued interest from professional investors.
• Neutral Sentiment: GMR Solutions presented at the Morgan Stanley Global Healthcare Conference, but the available information did not include new financial guidance, targets, or other material developments likely to alter the investment outlook. Morgan Stanley healthcare conference transcript
• Negative Sentiment: Six executives sold approximately 2.35 million shares worth about $28.7 million at $12.20 per share. CEO Nicola Loporcaro sold about 1.46 million shares, while the CFO, COO, EVP, and CAO also reduced their holdings by roughly 27% to 34%. The sales were reported as covering tax obligations from vested equity awards, which softens—but does not eliminate—the negative market impact. SEC CEO insider transaction filing
• Negative Sentiment: The company’s latest quarterly results were weak: GMR Solutions reported a loss of $1.84 per share versus expectations for earnings of $0.38, despite revenue of $1.49 billion, up 3.3% year over year. The company also carries a high debt-to-equity ratio of 5.50, adding to investor caution.

GMR Solutions 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.