Signition LP bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,079 shares of the company’s stock, valued at approximately $927,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Icon Wealth Partners LLC purchased a new stake in AMN Healthcare Services during the first quarter valued at about $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $28,000. Financial Architects Inc purchased a new stake in shares of AMN Healthcare Services during the first quarter valued at approximately $32,000. Rehmann Capital Advisory Group boosted its stake in shares of AMN Healthcare Services by 64.0% during the first quarter. Rehmann Capital Advisory Group now owns 679 shares of the company’s stock valued at $32,000 after purchasing an additional 265 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of AMN Healthcare Services by 205.4% during the first quarter. Quadrant Capital Group LLC now owns 739 shares of the company’s stock valued at $34,000 after purchasing an additional 497 shares during the period. Institutional investors own 96.61% of the company’s stock.
In other news, insider Denise L. Jackson sold 773 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $55.00, for a total transaction of $42,515.00. Following the completion of the transaction, the insider now directly owns 20,152 shares in the company, valued at $1,108,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martha H. Marsh sold 12,001 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $51.41, for a total value of $616,971.41. Following the transaction, the director now owns 44,358 shares of the company’s stock, valued at $2,280,444.78. The disclosure for this sale can be found here. Insiders have sold 62,149 shares of company stock valued at $3,138,432 over the last 90 days. Corporate insiders own 2.07% of the company’s stock.
AMN Healthcare Services stock traded up $0.19 on Friday, hitting $56.46. 4,166 shares of the stock traded hands, compared to its average volume of 368,467. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.61 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89. The business’s fifty day simple moving average is $54.65 and its 200 day simple moving average is $52.19. AMN Healthcare Services, Inc. has a 1 year low of $45.04 and a 1 year high of $65.81.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The business had revenue of $535.20 million during the quarter, compared to analyst estimates of $526.06 million. AMN Healthcare Services had a return on equity of 23.53% and a net margin of 5.96%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. As a group, analysts predict that AMN Healthcare Services, Inc. will post 3.05 earnings per share for the current year.
A number of analysts have recently weighed in on AMN shares. Zacks Investment Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Monday. BMO Capital Markets set a $60.00 price target on AMN Healthcare Services and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $68.00.
AMN Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.
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