Air Methods Corp (AIRM) : Voce Capital Management reduced its stake in Air Methods Corp by 5.07% during the most recent quarter end. The investment management company now holds a total of 1,040,665 shares of Air Methods Corp which is valued at $33,769,579 after selling 55,524 shares in Air Methods Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Air Methods Corp makes up approximately 40.85% of Voce Capital Management’s portfolio.
Other Hedge Funds, Including , Group One Trading sold out all of its stake in AIRM during the most recent quarter. The investment firm sold 450 shares of AIRM which is valued $14,603.Rhumbline Advisers boosted its stake in AIRM in the latest quarter, The investment management firm added 2,430 additional shares and now holds a total of 53,271 shares of Air Methods Corp which is valued at $1,552,850. Stevens Capital Management Lp sold out all of its stake in AIRM during the most recent quarter. The investment firm sold 14,062 shares of AIRM which is valued $409,907.Rice Hall James Associates reduced its stake in AIRM by selling 3,772 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 247,599 shares of AIRM which is valued at $7,452,730. Air Methods Corp makes up approx 0.42% of Rice Hall James Associates’s portfolio.Btim Corp. reduced its stake in AIRM by selling 2,329 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 489,918 shares of AIRM which is valued at $14,722,036. Air Methods Corp makes up approx 0.25% of Btim Corp.’s portfolio.
Air Methods Corp closed down -0.1 points or -0.31% at $32.45 with 4,80,792 shares getting traded on Monday. Post opening the session at $32.45, the shares hit an intraday low of $31.8 and an intraday high of $32.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Air Methods Corp reported $0.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $1.07. The company had revenue of $311.00 million for the quarter, compared to analysts expectations of $321.93 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.16 EPS.
Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company operates through divisions including Air Medical Services Tourism Division and United Rotorcraft Division. As of December 31 2014 the Companys Air Medical Services Division provided air medical transportation services in 41 states to the general population as an independent service (also called community-based services) and to hospitals or other institutions (also called hospital-based services). It transports persons requiring intensive medical care from either the scene of an accident or general care hospitals to skilled trauma centers or tertiary care centers. Its Tourism Division provides helicopter tours and charter flights primarily focusing on Grand Canyon and Hawaiian Island tours. Its United Rotorcraft Division designs manufactures and installs aircraft medical interiors and other aerospace or medical transport products.