Ameriprise Financial Inc. decreased its stake in Air Methods Corp (NASDAQ:AIRM) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,015 shares of the company’s stock after selling 3,241 shares during the period. Ameriprise Financial Inc. owned approximately 0.63% of Air Methods Corp worth $7,559,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new stake in Air Methods Corp during the second quarter valued at about $100,000. Advisors Asset Management Inc. increased its stake in Air Methods Corp by 3.6% in the third quarter. Advisors Asset Management Inc. now owns 3,238 shares of the company’s stock valued at $102,000 after buying an additional 114 shares during the period. 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 valued at $115,000 after buying an additional 300 shares during the period. Van Hulzen Asset Management LLC bought a new stake in Air Methods Corp during the third quarter valued at about $115,000. Finally, BlackRock Inc. increased its stake in Air Methods Corp by 4.3% in the third quarter. BlackRock Inc. now owns 3,747 shares of the company’s stock valued at $117,000 after buying an additional 153 shares during the period.
Air Methods Corp (NASDAQ:AIRM) traded down 0.82% during trading on Friday, reaching $36.30. The company’s stock had a trading volume of 463,151 shares. The firm’s 50-day moving average is $33.49 and its 200-day moving average is $32.54. The stock has a market cap of $1.32 billion, a P/E ratio of 13.60 and a beta of 1.41. Air Methods Corp has a 52-week low of $23.75 and a 52-week high of $41.50.
Air Methods Corp (NASDAQ:AIRM) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm earned $311 million during the quarter, compared to analyst estimates of $321.22 million. During the same period in the prior year, the business earned $1.16 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Air Methods Corp will post $2.61 EPS for the current year.
Several equities analysts recently weighed in on AIRM shares. Stephens set a $42.00 price objective on Air Methods Corp and gave the stock a “buy” rating in a research report on Sunday, November 6th. Zacks Investment Research raised Air Methods Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 3rd.
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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