Air Methods Corp. Director Ralph Bernstein Sells 200,000 Shares (AIRM)
Air Methods Corp. (NASDAQ:AIRM) Director Ralph Bernstein sold 200,000 shares of the stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $41.38, for a total value of $8,276,000.00. Following the completion of the sale, the director now directly owns 2,606,881 shares in the company. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Air Methods Corp. (NASDAQ:AIRM) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 26th. They now have a $42.30 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Air Methods Corp. (NASDAQ:AIRM) from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 19th. Finally, analysts at Oppenheimer cut their price target on shares of Air Methods Corp. (NASDAQ:AIRM) from $53.00 to $50.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock.
Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.66.
Air Methods Corp. (NASDAQ:AIRM) traded down 2.49% during mid-day trading on Friday, hitting $41.88. The stock had a trading volume of 378,834 shares. Air Methods Corp. has a 1-year low of $32.24 and a 1-year high of $50.61. The stock has a 50-day moving average of $39.23 and a 200-day moving average of $39.82. The company has a market cap of $1.629 billion and a P/E ratio of 26.83.
Air Methods Corp. (NASDAQ:AIRM) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.11. The company had revenue of $226.20 million for the quarter, compared to the consensus estimate of $227.71 million. During the same quarter last year, the company posted $2.43 earnings per share. Air Methods Corp.’s revenue was up 1.7% compared to the same quarter last year.
Air Methods Corporation (NASDAQ:AIRM) is a provider of air medical emergency transport services and systems throughout the United States of America.
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