Mitchell Capital Management Co. cut its stake in Air Methods Corp. (NASDAQ:AIRM) by 8.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 186,608 shares of the company’s stock after selling 16,128 shares during the period. Air Methods Corp. accounts for approximately 2.7% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 20th largest position. Mitchell Capital Management Co.’s holdings in Air Methods Corp. were worth $6,686,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of AIRM. BlackRock Inc. boosted its position in shares of 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. Creative Planning boosted its position in shares of 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. AMP Capital Investors Ltd purchased a new position in shares of Air Methods Corp. during the first quarter valued at about $268,000. Aperio Group LLC boosted its position in shares of Air Methods Corp. by 21.4% in the first quarter. Aperio Group LLC now owns 8,265 shares of the company’s stock valued at $299,000 after buying an additional 1,455 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in shares of Air Methods Corp. by 10.3% in the first quarter. Clark Capital Management Group Inc. now owns 9,561 shares of the company’s stock valued at $346,000 after buying an additional 893 shares in the last quarter.
Air Methods Corp. (NASDAQ:AIRM) traded up 0.50% during mid-day trading on Monday, reaching $30.20. 424,190 shares of the company traded hands. The company’s 50 day moving average price is $32.23 and its 200 day moving average price is $34.82. Air Methods Corp. has a 12-month low of $29.50 and a 12-month high of $46.50. The firm has a market capitalization of $1.15 billion, a P/E ratio of 10.29 and a beta of 1.47.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The business earned $292.60 million during the quarter, compared to the consensus estimate of $299.35 million. Air Methods Corp. had a return on equity of 20.90% and a net margin of 10.18%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. Equities research analysts predict that Air Methods Corp. will post $3.09 EPS for the current year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 21st. Oppenheimer Holdings Inc. cut 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 report on Friday, August 5th. One 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.
In other news, insider Sharon J. Keck sold 1,300 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph E. Whitters acquired 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 disclosure for this purchase 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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