Shares of AMN Healthcare Services Inc. (NYSE:AHS) dropped 2.6% on Tuesday . The company traded as low as $34.20 and last traded at $34.26, with a volume of 519,938 shares changing hands. The stock had previously closed at $35.16.

A number of research firms have commented on AHS. Lake Street Capital began coverage on shares of AMN Healthcare Services in a report on Tuesday, May 31st. They set a “buy” rating and a $46.00 target price for the company. BMO Capital Markets reaffirmed a “buy” rating on shares of AMN Healthcare Services in a report on Monday, June 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $45.80.

The firm has a 50-day moving average price of $36.27 and a 200 day moving average price of $37.06. The stock has a market cap of $1.64 billion, a P/E ratio of 15.77 and a beta of 1.12.

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AMN Healthcare Services (NYSE:AHS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.08. AMN Healthcare Services had a net margin of 6.14% and a return on equity of 29.27%. The company earned $473.70 million during the quarter, compared to the consensus estimate of $455.14 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. Equities analysts anticipate that AMN Healthcare Services Inc. will post $2.32 EPS for the current year.

In other news, insider Susan R. Salka sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $44.00, for a total transaction of $1,320,000.00. Following the completion of the sale, the insider now owns 288,688 shares of the company’s stock, valued at approximately $12,702,272. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of AMN Healthcare Services by 15.7% in the second quarter. Vanguard Group Inc. now owns 4,777,108 shares of the company’s stock worth $190,940,000 after buying an additional 649,069 shares during the period. Bank of Montreal Can bought a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $25,792,000. Neumeier Poma Investment Counsel LLC bought a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $18,170,000. Fiera Capital Corp bought a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $17,220,000. Finally, Skyline Asset Management LP bought a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $10,530,000. 97.68% of the stock is owned by institutional investors.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.

5 Day Chart for NYSE:AHS

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