Air Methods Corp. (AIRM) Shares Up 2.2%
Air Methods Corp. (NASDAQ:AIRM) shares shot up 2.2% during mid-day trading on Friday . The company traded as high as $34.37 and last traded at $34.17, with a volume of 145,481 shares trading hands. The stock had previously closed at $33.43.
A number of brokerages have recently issued reports on AIRM. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Air Methods Corp. in a research report on Wednesday, June 1st. Zacks Investment Research lowered Air Methods Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Finally, TheStreet lowered Air Methods Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.67.
The stock has a market capitalization of $1.30 billion and a PE ratio of 11.62. The company’s 50-day moving average is $34.63 and its 200-day moving average is $36.16.
Air Methods Corp. (NASDAQ:AIRM) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.77 by $0.07. During the same quarter last year, the business posted $0.69 earnings per share. The business earned $292.60 million during the quarter, compared to the consensus estimate of $299.35 million. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts predict that Air Methods Corp. will post $3.29 earnings per share for the current year.
In related news, Director Joseph E. Whitters bought 2,500 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were acquired at an average price of $32.12 per share, with a total value of $80,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sharon J. Keck sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $32.43, for a total value of $42,159.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Air Methods Corp. stock. Employees Retirement System of Texas increased its position in shares of Air Methods Corp. (NASDAQ:AIRM) by 56.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,000 shares of the company’s stock after buying an additional 17,000 shares during the period. Employees Retirement System of Texas owned about 0.12% of Air Methods Corp. worth $1,971,000 as of its most recent SEC filing.
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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