Air Methods Corp. (NASDAQ:AIRM) shares saw unusually-strong trading volume on Wednesday . Approximately 547,915 shares traded hands during trading, an increase of 42% from the previous session’s volume of 386,100 shares.The stock last traded at $33.64 and had previously closed at $33.82.

A number of analysts recently weighed in on AIRM shares. Zacks Investment Research downgraded shares of Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 21st. TheStreet upgraded shares of Air Methods Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Air Methods Corp. in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $50.33.

The stock has a 50 day moving average price of $36.48 and a 200-day moving average price of $36.98. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 11.53.

Air Methods Corp. (NASDAQ:AIRM) last released its earnings results on Thursday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. The business earned $269.40 million during the quarter, compared to the consensus estimate of $268.72 million. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. Equities analysts anticipate that Air Methods Corp. will post $3.45 earnings per share for the current year.

A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Air Methods Corp. by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,069 shares of the company’s stock worth $55,476,000 after buying an additional 155,240 shares in the last quarter. Wells Fargo & Company MN boosted its position in Air Methods Corp. by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 436,938 shares of the company’s stock worth $18,321,000 after buying an additional 5,634 shares in the last quarter. California Public Employees Retirement System boosted its position in Air Methods Corp. by 4.1% in the fourth quarter. California Public Employees Retirement System now owns 253,300 shares of the company’s stock worth $10,621,000 after buying an additional 10,000 shares in the last quarter. Principal Financial Group Inc. boosted its position in Air Methods Corp. by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 241,043 shares of the company’s stock worth $10,107,000 after buying an additional 6,733 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Air Methods Corp. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 180,372 shares of the company’s stock worth $7,563,000 after buying an additional 7,583 shares in the last quarter.

Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s segments include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. The Company’s AMS segment provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements.

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