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

AIRM has been the subject of several recent research reports. Zacks Investment Research cut Air Methods Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. TheStreet cut Air Methods Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Air Methods Corp. in a research note on Wednesday, June 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Air Methods Corp. presently has an average rating of “Hold” and an average target price of $50.33.

The firm has a market cap of $1.19 billion and a P/E ratio of 10.68. The company’s 50 day moving average is $36.05 and its 200 day moving average is $36.84.

Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The business had revenue of $269.40 million for the quarter, compared to the consensus estimate of $268.72 million. During the same period in the prior year, the business posted $0.36 EPS. Air Methods Corp.’s quarterly revenue was up 13.1% on a year-over-year basis. Equities research analysts forecast that Air Methods Corp. will post $3.35 earnings per share for the current year.

A number of large investors have bought and sold shares of AIRM. Russell Frank Co acquired a new stake in Air Methods Corp. during the fourth quarter valued at about $4,307,000. State of Wisconsin Investment Board raised its stake in 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 in the last quarter. Rhumbline Advisers raised its stake in 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 in the last quarter. New York State Common Retirement Fund raised its stake 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 valued at $7,563,000 after buying an additional 7,583 shares in the last quarter. Finally, Employees Retirement System of Texas raised its stake 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 valued at $1,971,000 after buying an additional 17,000 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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