GW&K Investment Management cut its stake in Air Methods Corp (NASDAQ:AIRM) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 689,461 shares of the company’s stock after selling 16,621 shares during the period. GW&K Investment Management’s holdings in Air Methods Corp were worth $28,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies purchased a new position in Air Methods Corp during the fourth quarter valued at $306,000. Capstone Asset Management Company increased its position in Air Methods Corp by 3.5% in the fourth quarter. Capstone Asset Management Company now owns 11,529 shares of the company’s stock valued at $483,000 after buying an additional 390 shares during the period. Finally, Acadian Asset Management purchased a new position in Air Methods Corp during the fourth quarter valued at $1,083,000.

Air Methods Corp (NASDAQ:AIRM) opened at 37.78 on Friday. The stock has a market capitalization of $1.48 billion and a P/E ratio of 13.94. The company’s 50-day moving average is $39.85 and its 200-day moving average is $39.39. Air Methods Corp has a 12 month low of $32.81 and a 12 month high of $54.98.

Air Methods Corp (NASDAQ:AIRM) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.20. During the same period in the prior year, the company earned $0.90 EPS. The company had revenue of $311.30 million for the quarter, compared to the consensus estimate of $288.74 million. The firm’s revenue was up 12.4% compared to the same quarter last year. Equities analysts anticipate that Air Methods Corp will post $2.85 earnings per share for the current year.

Several research firms have recently weighed in on AIRM. Zacks Investment Research downgraded shares of Air Methods Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 12th. KeyBanc lifted their target price on shares of Air Methods Corp from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. TheStreet downgraded shares of Air Methods Corp from a “buy” rating to a “hold” rating in a research report on Monday. Finally, William Blair reissued a “buy” rating on shares of Air Methods Corp in a research report on Sunday, November 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.33.

In other news, Director Morad Tahbaz sold 35,340 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of $44.78, for a total transaction of $1,582,525.20. Following the completion of the transaction, the director now directly owns 35,774 shares of the company’s stock, valued at approximately $1,601,959.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Jeppe Friisdahl sold 4,244 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $11.91, for a total transaction of $50,546.04.

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 (NASDAQ:AIRM) 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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