Air Methods Corp. (AIRM) Upgraded by Zacks Investment Research to Hold
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. reaffirmed a buy rating on shares of Air Methods Corp. in a research report on Wednesday, June 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Air Methods Corp. presently has a consensus rating of Buy and a consensus target price of $47.67.
Shares of Air Methods Corp. (NASDAQ:AIRM) opened at 31.82 on Tuesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.85 and a beta of 1.37. The firm’s 50-day moving average is $33.04 and its 200-day moving average is $35.30. Air Methods Corp. has a 52 week low of $30.57 and a 52 week 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. The company had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $299.35 million. Air Methods Corp. had a return on equity of 20.90% and a net margin of 10.18%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. Analysts forecast that Air Methods Corp. will post $3.09 earnings per share for the current fiscal year.
In other Air Methods Corp. news, Director Joseph E. Whitters acquired 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of $32.12 per share, with a total value of $80,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sharon J. Keck sold 1,300 shares of Air Methods Corp. stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $32.43, for a total transaction of $42,159.00. The disclosure for this sale can be found here. Corporate insiders own 8.99% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake 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 during the period. Pacad Investment Ltd. purchased a new stake in shares of Air Methods Corp. during the second quarter valued at $100,000. Creative Planning increased its stake 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 during the period. Advisors Asset Management Inc. increased its stake in shares of 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 during the period. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of 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 during the period.
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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