Stoneridge Investment Partners LLC Has $3,159,000 Position in Air Methods Corp. (AIRM)
Stoneridge Investment Partners LLC reduced its position in shares of Air Methods Corp. (NASDAQ:AIRM) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,162 shares of the company’s stock after selling 820 shares during the period. Stoneridge Investment Partners LLC owned about 0.23% of Air Methods Corp. worth $3,159,000 at the end of the most recent quarter.
A number of other large investors have also 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 worth $100,000 after buying an additional 1,511 shares in the last quarter. Creative Planning raised its stake in shares of 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 in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Air Methods Corp. during the first quarter worth $210,000. AMP Capital Investors Ltd acquired a new stake in shares of Air Methods Corp. during the first quarter worth $268,000. Finally, Aperio Group LLC raised its stake in shares of 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 in the last quarter.
Shares of Air Methods Corp. (NASDAQ:AIRM) traded up 0.41% during midday trading on Tuesday, hitting $31.84. The stock had a trading volume of 555,946 shares. The firm has a 50 day moving average of $32.99 and a 200-day moving average of $35.56. The company has a market cap of $1.21 billion, a P/E ratio of 10.85 and a beta of 1.37. Air Methods Corp. has a one year low of $30.57 and a one year high of $46.50.
Air Methods Corp. (NASDAQ:AIRM) last issued its earnings results on Thursday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by $0.07. The company earned $292.60 million during the quarter, compared to analyst estimates of $299.35 million. Air Methods Corp. had a net margin of 10.18% and a return on equity of 20.90%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. On average, analysts forecast that Air Methods Corp. will post $3.09 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on AIRM shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Air Methods Corp. in a report on Wednesday, June 1st. Zacks Investment Research lowered Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Air Methods Corp. currently has an average rating of “Hold” and a consensus target price of $47.67.
In related news, insider Sharon J. Keck sold 1,300 shares of the 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 document filed with the SEC, which is available at the SEC website. Also, Director Joseph E. Whitters acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired 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. 8.99% of the stock is currently owned by insiders.
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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