Air Methods Corp. (NASDAQ:AIRM)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $32.52 and last traded at $32.53, with a volume of 220,738 shares changing hands. The stock had previously closed at $33.29.

Several equities analysts have issued reports on the stock. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Air Methods Corp. in a research note on Wednesday, June 1st. Zacks Investment Research cut shares of Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, TheStreet raised shares of Air Methods Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. One 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 has an average rating of “Hold” and an average target price of $50.33.

The company has a market cap of $1.25 billion and a price-to-earnings ratio of 11.23. The firm has a 50-day moving average price of $36.28 and a 200-day moving average price of $36.92.

Air Methods Corp. (NASDAQ:AIRM) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. During the same period in the previous year, the business posted $0.36 EPS. The company had revenue of $269.40 million for the quarter, compared to analyst estimates of $268.72 million. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities analysts predict that Air Methods Corp. will post $3.35 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the company. Russell Frank Co purchased a new position in shares of Air Methods Corp. during the fourth quarter valued at about $4,307,000. Rhumbline Advisers boosted its position in shares of Air Methods Corp. by 8.1% in the fourth quarter. Rhumbline Advisers now owns 51,924 shares of the company’s stock valued at $2,177,000 after buying an additional 3,900 shares during the period. California Public Employees Retirement System boosted its position in shares of 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 valued at $10,621,000 after buying an additional 10,000 shares during the period. New York State Common Retirement Fund boosted its position in shares of 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 valued at $7,563,000 after buying an additional 7,583 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of Air Methods Corp. by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 97,422 shares of the company’s stock valued at $4,085,000 after buying an additional 2,913 shares during the period.

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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