Air Methods Corp. (AIRM) Trading Up 2.2%
Air Methods Corp. (NASDAQ:AIRM) shares were up 2.2% on Friday . The stock traded as high as $34.37 and last traded at $34.17, with a volume of 145,481 shares traded. The stock had previously closed at $33.43.
Several research analysts have recently weighed in on AIRM shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Air Methods Corp. in a research note on Wednesday, June 1st. TheStreet downgraded Air Methods Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Zacks Investment Research downgraded Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 11th. 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’s stock. Air Methods Corp. has a consensus rating of “Hold” and a consensus price target 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 $34.70 and its 200-day moving average is $36.18.
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 other Air Methods Corp. news, insider Sharon J. Keck sold 1,300 shares of Air Methods Corp. stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $32.43, for a total transaction of $42,159.00. The transaction 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 shares were 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.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in AIRM. Wells Fargo & Company MN raised its position in Air Methods Corp. by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 436,938 shares of the company’s stock valued at $18,321,000 after buying an additional 5,634 shares during the period. Employees Retirement System of Texas raised 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 valued at $1,971,000 after buying an additional 17,000 shares during the period. Finally, Dimensional Fund Advisors LP raised 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 valued at $55,476,000 after buying an additional 155,240 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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