Eagle Asset Management Inc. Has $29,024,000 Position in Air Methods Corp. (AIRM)
Eagle Asset Management Inc. reduced its position in shares of Air Methods Corp. (NASDAQ:AIRM) by 34.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 921,711 shares of the company’s stock after selling 486,935 shares during the period. Eagle Asset Management Inc. owned about 2.42% of Air Methods Corp. worth $29,024,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Air Methods Corp. by 120.4% in the first quarter. BlackRock Inc. now owns 2,766 shares of the company’s stock worth $100,000 after buying an additional 1,511 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Air Methods Corp. during the second quarter worth $100,000. Creative Planning increased its stake in Air Methods Corp. by 0.5% in the second quarter. Creative Planning now owns 2,821 shares of the company’s stock worth $101,000 after buying an additional 15 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Air Methods Corp. by 35.8% in the second quarter. Advisors Asset Management Inc. now owns 3,124 shares of the company’s stock worth $112,000 after buying an additional 824 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its stake in 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 worth $115,000 after buying an additional 300 shares during the last quarter.
Shares of Air Methods Corp. (NASDAQ:AIRM) traded down 1.39% on Friday, reaching $32.00. 272,814 shares of the company’s stock traded hands. The firm has a market cap of $1164.54 billion, a P/E ratio of 12.85 and a beta of 1.32. The company’s 50-day moving average price is $29.70 and its 200 day moving average price is $33.20. Air Methods Corp. has a one year low of $23.75 and a one year high of $46.12.
Air Methods Corp. (NASDAQ:AIRM) last released its earnings results on Thursday, November 3rd. The company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.08 by $0.26. Air Methods Corp. had a net margin of 8.78% and a return on equity of 18.07%. The company had revenue of $311 million for the quarter, compared to the consensus estimate of $321.22 million. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Air Methods Corp. will post $2.64 EPS for the current fiscal year.
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A number of research firms have recently weighed in on AIRM. Stephens set a $42.00 price target on shares of Air Methods Corp. and gave the company a “buy” rating in a research report on Sunday, November 6th. Oppenheimer Holdings Inc. dropped their price target on shares of 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 upgraded shares of Air Methods Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 27th.
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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