Today: Today, Wells Fargo & Company MN invests in Air Methods Corp. (AIRM) Shares

Today, Wells Fargo & Company MN invests in Air Methods Corp. (AIRM) Shares

Wells Fargo & Company MN increased its stake in Air Methods Corp. (NASDAQ:AIRM) by 45.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 528,993 shares of the company’s stock after buying an additional 165,264 shares during the period. Wells Fargo & Company MN owned approximately 1.39% of Air Methods Corp. worth $16,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AIRM. Van Berkom & Associates Inc. increased its position in shares of Air Methods Corp. by 17.6% in the third quarter. Van Berkom & Associates Inc. now owns 1,588,950 shares of the company’s stock valued at $50,036,000 after buying an additional 237,733 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Air Methods Corp. by 3.5% in the third quarter. Great West Life Assurance Co. Can now owns 47,593 shares of the company’s stock valued at $1,498,000 after buying an additional 1,627 shares during the period. GHP Investment Advisors Inc. increased its position in shares of Air Methods Corp. by 9.0% in the third quarter. GHP Investment Advisors Inc. now owns 30,300 shares of the company’s stock valued at $954,000 after buying an additional 2,490 shares during the period. Cubic Asset Management LLC increased its position in shares of Air Methods Corp. by 36.6% in the third quarter. Cubic Asset Management LLC now owns 52,330 shares of the company’s stock valued at $1,648,000 after buying an additional 14,030 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Air Methods Corp. by 1,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,500 shares of the company’s stock valued at $173,000 after buying an additional 5,000 shares during the period.

Air Methods Corp. (NASDAQ:AIRM) traded down 1.39% during mid-day trading on Friday, reaching $32.00. The company had a trading volume of 272,814 shares. The firm has a 50-day moving average price of $29.70 and a 200 day moving average price of $33.20. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.99 and a beta of 1.32. Air Methods Corp. has a 12-month low of $23.75 and a 12-month high of $46.12.

Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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 firm posted $1.16 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Analysts expect that Air Methods Corp. will post $2.64 EPS for the current year.

Several brokerages have recently issued reports on AIRM. Stephens set a $42.00 price target on shares of Air Methods Corp. and gave the stock a “buy” rating in a report on Sunday, November 6th. Zacks Investment Research downgraded shares of Air Methods Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. lowered 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 report on Friday, August 5th.

Air Methods Corp. Company Profile

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