836,713 Shares in GMR Solutions Inc. $GMRS Acquired by Readystate Asset Management LP

Readystate Asset Management LP acquired a new stake in GMR Solutions Inc. (NYSE:GMRS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 836,713 shares of the company’s stock, valued at approximately $12,936,000.

Other hedge funds have also modified their holdings of the company. Premier Path Wealth Partners LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at $348,000. Two Sigma Securities LLC purchased a new stake in GMR Solutions during the 2nd quarter valued at approximately $169,000. Finally, Alyeska Investment Group L.P. acquired a new stake in GMR Solutions during the 2nd quarter worth approximately $36,817,000.

GMR Solutions Stock Performance

NYSE:GMRS opened at $13.48 on Monday. The business has a fifty day simple moving average of $13.49. The stock has a market capitalization of $728.19 million and a PE ratio of -8.64. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. GMR Solutions Inc. has a 1 year low of $10.26 and a 1 year high of $15.98.

GMR Solutions (NYSE:GMRS) last issued its 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 business had revenue of $1.49 billion for the quarter. The business’s revenue was up 3.3% on a year-over-year basis. On average, analysts predict that GMR Solutions Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

GMRS has been the topic of a number of recent research reports. Barclays began coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $16.00 target price on the stock. Morgan Stanley initiated 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. Wall Street Zen upgraded shares of GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. initiated coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $15.00 target price for the company. Finally, UBS Group began coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, GMR Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

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.