Air Methods Corp. (NASDAQ:AIRM)’s share price fell 4.9% during trading on Tuesday . The company traded as low as $30.89 and last traded at $31.11, with a volume of 944,216 shares. The stock had previously closed at $32.70.

A number of research firms have recently commented on AIRM. TheStreet upgraded Air Methods Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Zacks Investment Research upgraded Air Methods Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday, April 26th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Air Methods Corp. in a research note on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.33.

The stock’s 50-day moving average is $36.05 and its 200 day moving average is $36.84. The stock has a market cap of $1.19 billion and a PE ratio of 10.68.

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, topping the Zacks’ consensus estimate of $0.39 by $0.11. The firm had revenue of $269.40 million for the quarter, compared to the consensus estimate of $268.72 million. Air Methods Corp.’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Equities research analysts anticipate that Air Methods Corp. will post $3.35 EPS for the current fiscal year.

Several institutional investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased 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. Russell Frank Co acquired a new position in Air Methods Corp. during the fourth quarter worth approximately $4,307,000. Employees Retirement System of Texas increased its position in Air Methods Corp. by 56.7% in the fourth quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock worth $1,971,000 after buying an additional 17,000 shares in the last quarter. California Public Employees Retirement System increased 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. Finally, New York State Common Retirement Fund increased 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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