GW&K Investment Management LLC decreased its position in Air Methods Corp. (NASDAQ:AIRM) by 48.6% during the second quarter, Holdings Channel reports. The fund owned 191,605 shares of the company’s stock after selling 180,996 shares during the period. GW&K Investment Management LLC’s holdings in Air Methods Corp. were worth $6,865,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Van Berkom & Associates Inc. increased its stake in shares of Air Methods Corp. by 3.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,351,217 shares of the company’s stock worth $48,414,000 after buying an additional 49,495 shares during the last quarter. State Street Corp increased its stake in shares of Air Methods Corp. by 6.3% in the first quarter. State Street Corp now owns 881,525 shares of the company’s stock worth $31,931,000 after buying an additional 52,333 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Air Methods Corp. by 173.7% in the first quarter. Renaissance Technologies LLC now owns 467,400 shares of the company’s stock worth $16,929,000 after buying an additional 296,600 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Air Methods Corp. by 14.3% in the first quarter. Kennedy Capital Management Inc. now owns 425,454 shares of the company’s stock worth $15,410,000 after buying an additional 53,113 shares during the last quarter. Finally, Palisade Capital Management LLC NJ increased its stake in shares of Air Methods Corp. by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 274,072 shares of the company’s stock worth $9,927,000 after buying an additional 26,283 shares during the last quarter.
Shares of Air Methods Corp. (NASDAQ:AIRM) traded down 1.77% on Thursday, reaching $31.70. 406,961 shares of the company were exchanged. The stock’s 50-day moving average is $33.01 and its 200 day moving average is $35.26. The firm has a market capitalization of $1.21 billion, a PE ratio of 10.80 and a beta of 1.37. Air Methods Corp. has a 12-month low of $30.57 and a 12-month high of $46.50.
Air Methods Corp. (NASDAQ:AIRM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm earned $292.60 million during the quarter, compared to the consensus estimate of $299.35 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Air Methods Corp. will post $3.09 EPS for the current year.
A number of equities research analysts have recently weighed in on AIRM shares. Zacks Investment Research upgraded shares of Air Methods Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reduced their price target on shares of Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating on the stock in a research note 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. The stock presently has an average rating of “Buy” and an average target price of $47.67.
In related news, Director Joseph E. Whitters purchased 2,500 shares of the firm’s stock in a transaction dated 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sharon J. Keck sold 1,300 shares of the company’s stock in a transaction dated 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. Insiders own 8.99% of the company’s stock.
About Air Methods Corp.
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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