Profit Investment Management LLC continued to hold its stake in Air Methods Corp. (NASDAQ:AIRM) during the third quarter, Holdings Channel reports. The firm owned 46,958 shares of the company’s stock at the end of the third quarter. Air Methods Corp. makes up approximately 1.5% of Profit Investment Management LLC’s holdings, making the stock its 23rd largest position. Profit Investment Management LLC’s holdings in Air Methods Corp. were worth $1,479,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in AIRM. State Street Corp increased its stake in Air Methods Corp. by 6.3% in the first quarter. State Street Corp now owns 881,525 shares of the company’s stock worth $31,931,000 after buying an additional 52,333 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Air Methods Corp. by 173.7% in the first quarter. Renaissance Technologies LLC now owns 467,400 shares of the company’s stock worth $16,929,000 after buying an additional 296,600 shares during the period. AMP Capital Investors Ltd bought a new position in shares of Air Methods Corp. during the first quarter worth about $268,000. Barclays PLC bought a new position in shares of Air Methods Corp. during the first quarter worth about $1,063,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Air Methods Corp. by 110.2% in the second quarter. BNP Paribas Arbitrage SA now owns 11,148 shares of the company’s stock worth $399,000 after buying an additional 5,844 shares during the period.
Air Methods Corp. (NASDAQ:AIRM) traded up 0.63% on Monday, reaching $32.20. The company had a trading volume of 622,407 shares. Air Methods Corp. has a 1-year low of $23.75 and a 1-year high of $46.12. The stock’s 50 day moving average is $29.76 and its 200-day moving average is $33.14. The stock has a market capitalization of $1.17 billion, a P/E ratio of 12.06 and a beta of 1.32.
Air Methods Corp. (NASDAQ:AIRM) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.82 earnings per share (EPS) 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 firm earned $311 million during the quarter, compared to analysts’ expectations of $321.22 million. During the same quarter in the previous year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts predict that Air Methods Corp. will post $2.64 EPS for the current fiscal year.
A number of brokerages recently issued reports on AIRM. Stephens set a $42.00 price objective on Air Methods Corp. and gave the company a “buy” rating in a research note on Sunday, November 6th. Oppenheimer Holdings Inc. cut their price objective on Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Finally, Zacks Investment Research upgraded Air Methods Corp. from a “strong sell” rating to a “hold” rating in a research note 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.