Air Methods Corp (NASDAQ:AIRM) was in 12 hedge funds’ portfolio at the end of December. AIRM has seen a decrease in activity from the world’s largest hedge funds in recent months. There were 14 hedge funds in our database with AIRM positions at the end of the previous quarter.
In the financial world, there are plenty of methods shareholders can use to monitor stocks. Two of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can outclass the market by a healthy margin (see just how much).
Equally as key, positive insider trading sentiment is a second way to parse down the stock market universe. Just as you’d expect, there are plenty of stimuli for an executive to downsize shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of empirical studies have demonstrated the market-beating potential of this strategy if shareholders know what to do (learn more here).
Keeping this in mind, it’s important to take a peek at the latest action surrounding Air Methods Corp (NASDAQ:AIRM).
Hedge fund activity in Air Methods Corp (NASDAQ:AIRM)
In preparation for this year, a total of 12 of the hedge funds we track were long in this stock, a change of -14% from one quarter earlier. With hedgies’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their holdings considerably.
When looking at the hedgies we track, CR Intrinsic Investors, managed by SAC Subsidiary, holds the largest position in Air Methods Corp (NASDAQ:AIRM). CR Intrinsic Investors has a $13 million position in the stock, comprising 0.5% of its 13F portfolio. On CR Intrinsic Investors’s heels is Manatuck Hill Partners, managed by Mark Broach, which held a $13 million position; 0.5% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include Richard Driehaus’s Driehaus Capital, Brian Ashford-Russell and Tim Woolley’s Polar Capital and Steven Cohen’s SAC Capital Advisors.
Due to the fact that Air Methods Corp (NASDAQ:AIRM) has experienced bearish sentiment from the smart money, it’s safe to say that there is a sect of hedgies that slashed their positions entirely heading into 2013. It’s worth mentioning that Richard Schimel’s Diamondback Capital sold off the largest investment of the 450+ funds we key on, worth an estimated $13 million in stock., and Ken Heebner of Capital Growth Management was right behind this move, as the fund said goodbye to about $6 million worth. These moves are intriguing to say the least, as total hedge fund interest was cut by 2 funds heading into 2013.
Insider trading activity in Air Methods Corp (NASDAQ:AIRM)
Insider purchases made by high-level executives is particularly usable when the primary stock in question has seen transactions within the past 180 days. Over the last 180-day time period, Air Methods Corp (NASDAQ:AIRM) has seen zero unique insiders buying, and 1 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Air Methods Corp (NASDAQ:AIRM). These stocks are Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR), Grupo Aeroportuario del Pacifico (ADR) (NYSE:PAC), Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW), Grupo Aeroportuario del Centro Nort(ADR) (NASDAQ:OMAB), and Bristow Group Inc (NYSE:BRS). This group of stocks are the members of the air services, other industry and their market caps match AIRM’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR)||8||0||0|
|Grupo Aeroportuario del Pacifico (ADR) (NYSE:PAC)||5||0||0|
|Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)||12||0||4|
|Grupo Aeroportuario del Centro Nort(ADR) (NASDAQ:OMAB)||2||0||0|
|Bristow Group Inc (NYSE:BRS)||11||2||6|
With the results shown by Insider Monkey’s strategies, everyday investors should always pay attention to hedge fund and insider trading activity, and Air Methods Corp (NASDAQ:AIRM) is no exception.
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