Is Air Methods Corp (AIRM) Going to Burn These Hedge Funds?

Air Methods Corp (NASDAQ:AIRM) investors should be aware of a decrease in activity from the world’s largest hedge funds lately. However, Oppenheimed announced today about raising numbers of Air Methods Corp (NASDAQ:AIRM)

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With these “truths” under our belt, we’re going to take a look at the key action surrounding Air Methods Corp (NASDAQ:AIRM).

What have hedge funds been doing with Air Methods Corp (NASDAQ:AIRM)?

At year’s end, a total of 12 of the hedge funds we track were long in this stock, a change of -14% from the previous quarter. With hedge funds’ sentiment swirling, there exists a few notable hedge fund managers who were increasing their holdings substantially.

According to our comprehensive database, CR Intrinsic Investors, managed by SAC Subsidiary, holds the biggest 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. The second largest stake is held by Manatuck Hill Partners, managed by Mark Broach, which held a $12.9 million position; the fund has 1.9% of its 13F portfolio invested in the stock. Other peers 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.

Since Air Methods Corp (NASDAQ:AIRM) has experienced a declination in interest from the aggregate hedge fund industry, it’s easy to see that there lies a certain “tier” of hedge funds that elected to cut their entire stakes heading into 2013. At the top of the heap, Richard Schimel’s Diamondback Capital cut the largest investment of all the hedgies we watch, worth an estimated $12.7 million in stock., and Ken Heebner of Capital Growth Management was right behind this move, as the fund cut about $6.1 million worth. These transactions are important to note, as total hedge fund interest dropped by 2 funds heading into 2013.

How have insiders been trading Air Methods Corp (NASDAQ:AIRM)?

Bullish insider trading is best served when the company in focus has seen transactions within the past half-year. Over the latest six-month time frame, Air Methods Corp (NASDAQ:AIRM) has seen zero unique insiders purchasing, 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). All of these stocks are in the air services, other industry and their market caps match AIRM’s market cap.