Karp Capital Management Corp Acquires Shares of 13,677 Air Methods Corp (AIRM)

Karp Capital Management Corp bought a new stake in Air Methods Corp (NASDAQ:AIRM) during the first quarter, Holdings Channel reports. The institutional investor bought 13,677 shares of the company’s stock, valued at approximately $588,000.

A number of other large investors have also made changes to their positions in AIRM. Gamco Investors INC. ET AL acquired a new stake in shares of Air Methods Corp during the first quarter valued at $26,948,000. Two Sigma Investments LP acquired a new stake in shares of Air Methods Corp during the fourth quarter valued at $17,093,000. Investment Counselors of Maryland LLC acquired a new stake in shares of Air Methods Corp during the first quarter valued at $16,856,000. Gabelli Funds LLC acquired a new stake in shares of Air Methods Corp during the first quarter valued at $12,776,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Air Methods Corp during the first quarter valued at $11,082,000.

Institutional Ownership by Quarter for Air Methods Corp (NASDAQ:AIRM)

Shares of Air Methods Corp (NASDAQ:AIRM) opened at 42.95 on Thursday. Air Methods Corp has a 52 week low of $23.75 and a 52 week high of $43.95. The company’s 50-day moving average is $42.80 and its 200 day moving average is $35.57.

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AIRM has been the topic of several recent research reports. Zacks Investment Research raised shares of Air Methods Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. TheStreet raised shares of Air Methods Corp from a “c+” rating to a “b” rating in a research note on Thursday, March 2nd. KeyCorp downgraded shares of Air Methods Corp to an “overweight” rating in a research note on Tuesday, March 14th. Stephens downgraded shares of Air Methods Corp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 15th. Finally, Feltl & Co. downgraded shares of Air Methods Corp from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research note on Tuesday, March 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.50.

About Air Methods Corp

Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s segments include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. As of December 31, 2016, its AMS 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 under exclusive operating agreements (also called hospital-based services).

Want to see what other hedge funds are holding AIRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Methods Corp (NASDAQ:AIRM).

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