New York State Teachers Retirement System maintained its stake in shares of Air Methods Corp (NASDAQ:AIRM) during the second quarter, according to its most recent filing with the SEC. The fund owned 75,774 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Air Methods Corp were worth $2,715,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in AIRM. BlackRock Inc. raised 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. Creative Planning raised 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. AMP Capital Investors Ltd bought a new stake in Air Methods Corp during the first quarter worth about $268,000. Aperio Group LLC raised its stake in Air Methods Corp by 21.4% in the first quarter. Aperio Group LLC now owns 8,265 shares of the company’s stock worth $299,000 after buying an additional 1,455 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its stake 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 worth $346,000 after buying an additional 893 shares during the last quarter.
Shares of Air Methods Corp (NASDAQ:AIRM) traded down 0.50% during midday trading on Thursday, hitting $30.10. 411,587 shares of the company’s stock traded hands. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.26 and a beta of 1.47. The company has a 50 day moving average price of $32.42 and a 200 day moving average price of $34.89. Air Methods Corp has a 1-year low of $29.50 and a 1-year high of $46.49.
Air Methods Corp (NASDAQ:AIRM) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.07. Air Methods Corp had a return on equity of 20.90% and a net margin of 10.18%. The company had revenue of $292.60 million for the quarter, compared to the consensus estimate of $299.35 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Air Methods Corp will post $3.09 earnings per share for the current year.
A number of research firms recently issued reports on AIRM. Zacks Investment Research lowered Air Methods Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Oppenheimer Holdings Inc. reduced their target price on Air Methods Corp from $58.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. One 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 currently has an average rating of “Hold” and an average price target of $47.67.
In other news, insider Sharon J. Keck sold 1,300 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $32.43, for a total transaction of $42,159.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph E. Whitters acquired 2,500 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were bought at an average price of $32.12 per share, for a total transaction of $80,300.00. The disclosure for this purchase can be found here. Insiders own 8.99% of the company’s stock.
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.