Louisiana State Employees Retirement System raised its position in Air Methods Corp. (NASDAQ:AIRM) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,500 shares of the company’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Air Methods Corp. were worth $555,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of AIRM. BlackRock Group LTD increased its position in Air Methods Corp. by 5.5% in the first quarter. BlackRock Group LTD now owns 52,716 shares of the company’s stock valued at $1,910,000 after buying an additional 2,764 shares during the last quarter. Capstone Asset Management Co. increased its position in Air Methods Corp. by 3.3% in the second quarter. Capstone Asset Management Co. now owns 11,199 shares of the company’s stock valued at $401,000 after buying an additional 360 shares during the last quarter. Clark Capital Management Group Inc. increased its position in 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 during the last quarter. First National Bank of Hutchinson purchased a new position in Air Methods Corp. during the second quarter valued at $668,000. Finally, Renaissance Technologies LLC increased its position in Air Methods Corp. by 173.7% in the first quarter. Renaissance Technologies LLC now owns 467,400 shares of the company’s stock valued at $16,929,000 after buying an additional 296,600 shares during the last quarter.
Shares of Air Methods Corp. (NASDAQ:AIRM) traded up 0.50% during midday trading on Monday, reaching $30.20. The company’s stock had a trading volume of 424,190 shares. The stock has a market capitalization of $1.15 billion, a PE ratio of 10.29 and a beta of 1.47. The stock’s 50 day moving average is $32.12 and its 200 day moving average is $34.75. Air Methods Corp. has a 12 month low of $29.50 and a 12 month high of $46.50.
Air Methods Corp. (NASDAQ:AIRM) last issued its earnings results on Thursday, August 4th. The company reported $0.70 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 company earned $292.60 million during the quarter, compared to analyst estimates of $299.35 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’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 fiscal year.
Several equities analysts recently weighed in on AIRM shares. Zacks Investment Research downgraded Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Oppenheimer Holdings Inc. dropped their price objective on Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Air Methods Corp. presently has a consensus rating of “Hold” and a consensus target price of $47.67.
In other news, insider Sharon J. Keck sold 1,300 shares of the business’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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph E. Whitters acquired 2,500 shares of Air Methods Corp. 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 disclosure for this purchase can be found here. Insiders own 8.99% of the company’s stock.
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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