Is Air Methods Corp a Buy? The Stock Had Bullish Options Activity Today

 Is Air Methods Corp a Buy? The Stock Had Bullish Options Activity Today

In today’s session Air Methods Corp (AIRM) registered an unusually high (251) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AIRM increase. With 251 contracts traded and 16904 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AIRM170120C00035000 closed last at: $1.15 or 4.2% down. The stock closed at $32.45 during the last session. It is down 17.60% since April 22, 2016 and is downtrending. It has underperformed by 23.01% the S&P500.

Analysts await Air Methods Corp (NASDAQ:AIRM) to report earnings on February, 23. They expect $0.63 earnings per share, down 3.08% or $0.02 from last year’s $0.65 per share. AIRM’s profit will be $22.71 million for 12.88 P/E if the $0.63 EPS becomes a reality. After $0.82 actual earnings per share reported by Air Methods Corp for the previous quarter, Wall Street now forecasts -23.17% negative EPS growth.

Air Methods Corp (NASDAQ:AIRM) Ratings Coverage

Out of 2 analysts covering Air Methods (NASDAQ:AIRM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Air Methods has been the topic of 2 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Oppenheimer maintained Air Methods Corp (NASDAQ:AIRM) rating on Friday, August 5. Oppenheimer has “Outperform” rating and $50 price target.

According to Zacks Investment Research, “Air Methods Corporation provides air medical emergency transport services and systems throughout North America. The Air Medical Service Division offers their clients helicopters and airplanes equipped with medical interiors for flights from the scene of an accident or general hospital to a trauma center. The Products Division designs, manufactures, and installs aircraft medical interiors and other aerospace products.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.20, from 1.02 in 2016Q1. The ratio dropped, as 25 funds sold all Air Methods Corp shares owned while 67 reduced positions. 32 funds bought stakes while 62 increased positions. They now own 42.93 million shares or 1.69% less from 43.66 million shares in 2016Q1.
The Quebec – Canada-based Sector Pension Invest Board has invested 0.01% in Air Methods Corp (NASDAQ:AIRM). Fmr has 5.40M shares for 0.03% of their US portfolio. Stephens Ar, a Arkansas-based fund reported 21,366 shares. Parametric Port Assoc Ltd Llc accumulated 0.01% or 116,100 shares. Price T Rowe Associates Md accumulated 160,200 shares or 0% of the stock. Ajo Limited Partnership last reported 0.03% of its portfolio in the stock. Renaissance Limited Liability has 293,100 shares for 0.02% of their US portfolio. Pacad Invest Ltd holds 2,800 shares or 0.01% of its portfolio. Alliancebernstein Lp has 62,591 shares for 0% of their US portfolio. Herndon Mgmt Ltd Limited Liability Company holds 166 shares or 0% of its portfolio. Employees Retirement Of Texas holds 0.02% or 47,000 shares in its portfolio. Assetmark, a California-based fund reported 445 shares. Profund Ltd holds 7,683 shares or 0.01% of its portfolio. Van Berkom And Associate, a Quebec – Canada-based fund reported 1.35M shares. Redmond Asset Mgmt Ltd Liability holds 0.21% or 11,657 shares in its portfolio.

Insider Transactions: Since August 10, 2016, the stock had 1 buy, and 1 sale for $38,141 net activity. WHITTERS JOSEPH E had bought 2,500 shares worth $80,300. $42,159 worth of Air Methods Corp (NASDAQ:AIRM) shares were sold by KECK SHARON J.

Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The company has a market cap of $1.17 billion. The Company’s divisions include Air Medical Services , Tourism and United Rotorcraft (UR) Division. It has a 12.4 P/E ratio. The Company’s AMS segment provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements.

AIRM Company Profile

Air Methods Corporation, incorporated on April 10, 1987, is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s divisions include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. The Company’s Air Medical Services Division provides air medical transportation services in approximately 40 states to the general population as an independent service (also called community services) and to hospitals or other institutions under exclusive operating agreements (also called hospital 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.

More notable recent Air Methods Corp (NASDAQ:AIRM) news were published by: Fool.com which released: “Why Air Methods Corp. Stock Soared 17%” on November 04, 2016, also Forbes.com with their article: “FAA Proposes $892.5K Fine Against Air Methods For Dozens Of Air Ambulance Flights” published on September 14, 2016, Fool.com published: “Why Air Methods Corp. Shares Sank 12% Today” on September 08, 2016. More interesting news about Air Methods Corp (NASDAQ:AIRM) were released by: Fool.com and their article: “Air Methods Corp Stock Down 11% Today: Here’s Why” published on July 26, 2016 as well as Fool.com‘s news article titled: “Tri-State Acquisition Dampens Air Methods Corp.’s Q2 Results” with publication date: August 04, 2016.

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