Air Methods Corp. Director Sells $367,000 in Stock (AIRM)
Air Methods Corp. (NASDAQ:AIRM) Director George W. Belsey unloaded 7,340 shares of Air Methods Corp. stock on the open market in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $50.00, for a total transaction of $367,000.00. Following the completion of the sale, the director now directly owns 74,008 shares in the company, valued at approximately $3,700,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on AIRM. Analysts at KeyCorp initiated coverage on shares of Air Methods Corp. in a research note on Tuesday, June 3rd. They set a “buy” rating and a $63.00 price target on the stock. Separately, analysts at Stephens upgraded shares of Air Methods Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 20th. Finally, analysts at Zacks upgraded shares of Air Methods Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $54.40 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $55.60.
Shares of Air Methods Corp. (NASDAQ:AIRM) traded down 0.62% on Thursday, hitting $49.42. The stock had a trading volume of 310,768 shares. Air Methods Corp. has a 52 week low of $32.24 and a 52 week high of $59.07. The stock has a 50-day moving average of $50.26 and a 200-day moving average of $52.92. The company has a market cap of $1.935 billion and a price-to-earnings ratio of 25.33.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.04. The company had revenue of $223.14 million for the quarter, compared to the consensus estimate of $225.03 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 24.5% on a year-over-year basis. Analysts expect that Air Methods Corp. will post $2.60 EPS for the current fiscal 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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