Macquarie Group Ltd. Boosts Stake in Air Methods Corp. (AIRM)
Macquarie Group Ltd. boosted its stake in Air Methods Corp. (NASDAQ:AIRM) by 27.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 593,888 shares of the company’s stock after buying an additional 128,463 shares during the period. Macquarie Group Ltd. owned 1.56% of Air Methods Corp. worth $21,279,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised 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 during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Air Methods Corp. during the second quarter valued at approximately $100,000. Creative Planning raised 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 during the last quarter. Advisors Asset Management Inc. raised its position 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 last quarter. Finally, Paradigm Asset Management Co. LLC raised its position 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 last quarter.
Air Methods Corp. (NASDAQ:AIRM) traded down 1.39% on Friday, reaching $32.00. The company had a trading volume of 272,814 shares. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 11.99 and a beta of 1.32. Air Methods Corp. has a one year low of $23.75 and a one year high of $46.12. The company has a 50-day moving average of $29.70 and a 200 day moving average of $33.20.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.08 by $0.26. Air Methods Corp. had a return on equity of 18.07% and a net margin of 8.78%. The business had revenue of $311 million for the quarter, compared to analyst estimates of $321.22 million. During the same period in the prior year, the firm posted $1.16 EPS. Air Methods Corp.’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Air Methods Corp. will post $2.64 EPS for the current year.
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Several research analysts have recently commented on the company. Stephens set a $42.00 target price on Air Methods Corp. and gave the stock a “buy” rating in a research report on Sunday, November 6th. Oppenheimer Holdings Inc. decreased their target price on Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Finally, Zacks Investment Research lowered Air Methods Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th.
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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