Wilen Investment Management Corp. buys $897,679 stake in Air Methods Corp (AIRM)

Air Methods Corp (AIRM) : Wilen Investment Management Corp. scooped up 1,600 additional shares in Air Methods Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 28,070 shares of Air Methods Corp which is valued at $897,679.Air Methods Corp makes up approximately 0.56% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust added AIRM to its portfolio by purchasing 284 company shares during the most recent quarter which is valued at $9,082.Cam Group Holding As reduced its stake in AIRM by selling 152,736 shares or 74.97% in the most recent quarter. The Hedge Fund company now holds 51,000 shares of AIRM which is valued at $1,697,790. Air Methods Corp makes up approx 0.03% of Cam Group Holding As’s portfolio. Advisory Services Network added AIRM to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $5,037.Eagle Asset Management Inc reduced its stake in AIRM by selling 100,037 shares or 6.63% in the most recent quarter. The Hedge Fund company now holds 1,408,646 shares of AIRM which is valued at $53,838,450. Air Methods Corp makes up approx 0.36% of Eagle Asset Management Inc’s portfolio.Creative Planning boosted its stake in AIRM in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 2,821 shares of Air Methods Corp which is valued at $107,226.

Air Methods Corp opened for trading at $32.33 and hit $32.83 on the upside on Monday, eventually ending the session at $32.82, with a gain of 1.52% or 0.49 points. The heightened volatility saw the trading volume jump to 4,42,216 shares. Company has a market cap of $1,259 M.

On the company’s financial health, Air Methods Corp reported $0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $292.60 million for the quarter, compared to analysts expectations of $300.18 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 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 Company’s 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.

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