Air Methods Corp. (AIRM) Raised to “Hold” at Zacks Investment Research
According to Zacks, “Air Methods Corporation provides air medical emergency transport services and systems throughout North America. The Air Medical Service Division offers their clients helicopters and airplanes equipped with medical interiors for flights from the scene of an accident or general hospital to a trauma center. The Products Division designs, manufactures, and installs aircraft medical interiors and other aerospace products. “
Separately, Oppenheimer Holdings Inc. reduced their target price on shares of Air Methods Corp. from $58.00 to $50.00 and set an outperform rating on the stock in a report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Air Methods Corp. has an average rating of Buy and a consensus target price of $47.67.
Air Methods Corp. (NASDAQ:AIRM) last released its earnings results on Thursday, August 4th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.07. Air Methods Corp. had a net margin of 10.18% and a return on equity of 20.90%. The business had revenue of $292.60 million for the quarter, compared to the consensus estimate of $299.35 million. During the same period in the prior year, the business posted $0.69 EPS. Air Methods Corp.’s revenue for the quarter was up 11.0% on a year-over-year basis.
In other Air Methods Corp. news, insider Sharon J. Keck sold 1,300 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $32.43, for a total value of $42,159.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph E. Whitters purchased 2,500 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was purchased at an average cost of $32.12 per share, for a total transaction of $80,300.00. The disclosure for this purchase can be found here. 8.99% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of AIRM. BlackRock Inc. boosted its stake in Air Methods Corp. by 120.4% in the first quarter. BlackRock Inc. now owns 2,766 shares of the company’s stock valued at $100,000 after buying an additional 1,511 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Air Methods Corp. during the second quarter valued at approximately $100,000. Creative Planning boosted its stake in Air Methods Corp. by 0.5% in the second quarter. Creative Planning now owns 2,821 shares of the company’s stock valued at $101,000 after buying an additional 15 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Air Methods Corp. by 35.8% in the second quarter. Advisors Asset Management Inc. now owns 3,124 shares of the company’s stock valued at $112,000 after buying an additional 824 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its stake in Air Methods Corp. by 10.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,200 shares of the company’s stock valued at $115,000 after buying an additional 300 shares in the last quarter.
Air Methods Corp. Company Profile
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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