HBK Investments L P Invests $3.09 Million in GMR Solutions Inc. $GMRS

HBK Investments L P acquired a new position in shares of GMR Solutions Inc. (NYSE:GMRS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 200,000 shares of the company’s stock, valued at approximately $3,092,000. HBK Investments L P owned approximately 0.37% of GMR Solutions at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GMRS. Two Sigma Securities LLC purchased a new position in GMR Solutions in the second quarter valued at about $169,000. Premier Path Wealth Partners LLC acquired a new position in GMR Solutions in the 2nd quarter worth about $348,000. Squarepoint Ops LLC purchased a new stake in shares of GMR Solutions during the 2nd quarter worth about $801,000. Steamboat Capital Partners LLC purchased a new stake in shares of GMR Solutions during the 2nd quarter worth about $9,184,000. Finally, Readystate Asset Management LP purchased a new stake in shares of GMR Solutions during the 2nd quarter worth about $12,936,000.

GMR Solutions Trading Up 2.1%

GMR Solutions stock traded up $0.27 during mid-day trading on Wednesday, hitting $13.00. 2,377,868 shares of the company’s stock were exchanged, compared to its average volume of 831,175. GMR Solutions Inc. has a 1-year low of $10.26 and a 1-year high of $15.98. The business has a 50 day moving average price 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 firm has a market capitalization of $702.26 million and a PE ratio of -8.33.

GMR Solutions (NYSE:GMRS) last announced its quarterly earnings results 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 business had revenue of $1.49 billion during the quarter. GMR Solutions’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts predict that GMR Solutions Inc. will post 1.29 EPS for the current fiscal year.

Key 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.

Analyst Upgrades and Downgrades

GMRS has been the subject of several recent research reports. Weiss Ratings started coverage on GMR Solutions in a research note on Friday, August 14th. They issued a “sell (d)” rating for the company. JPMorgan Chase & Co. increased their price objective on GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, September 11th. Morgan Stanley initiated coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price objective on the stock. Bank of America initiated coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $18.00 target price for the company. 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 research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.78.

Insiders Place Their Bets

In related news, CFO Brian Scott Tierney sold 265,794 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $3,242,686.80. Following the completion of the sale, the chief financial officer directly owned 554,955 shares in the company, valued at approximately $6,770,451. The trade was a 32.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Horne Edward Van sold 262,278 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $3,199,791.60. Following the sale, the chief operating officer directly owned 575,004 shares of the company’s stock, valued at $7,015,048.80. The trade was a 31.32% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 2,353,423 shares of company stock worth $28,711,761 in the last three months.

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.