GAM Holding AG reduced its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 13.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,472 shares of the company’s stock after selling 3,343 shares during the quarter. GAM Holding AG’s holdings in AMN Healthcare Services were worth $1,175,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of AMN. BlackRock Inc. lifted its stake in shares of AMN Healthcare Services by 8.7% during the 2nd quarter. BlackRock Inc. now owns 6,694,366 shares of the company’s stock worth $392,290,000 after purchasing an additional 533,007 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in AMN Healthcare Services in the second quarter valued at about $30,246,000. Voya Investment Management LLC raised its stake in AMN Healthcare Services by 55.5% in the second quarter. Voya Investment Management LLC now owns 1,062,917 shares of the company’s stock valued at $62,287,000 after buying an additional 379,588 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in AMN Healthcare Services in the second quarter valued at about $18,935,000. Finally, OppenheimerFunds Inc. raised its stake in AMN Healthcare Services by 1,320.5% in the second quarter. OppenheimerFunds Inc. now owns 292,543 shares of the company’s stock valued at $17,143,000 after buying an additional 271,949 shares during the last quarter.
In other news, insider Denise L. Jackson sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $64.48, for a total value of $180,544.00. Following the completion of the transaction, the insider now directly owns 20,152 shares in the company, valued at $1,299,400.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian M. Scott sold 12,500 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $64.25, for a total value of $803,125.00. Following the completion of the transaction, the chief financial officer now owns 36,365 shares of the company’s stock, valued at $2,336,451.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,253 shares of company stock valued at $1,981,394. Company insiders own 2.18% of the company’s stock.
A number of equities research analysts have commented on AMN shares. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Jefferies Financial Group set a $68.00 price target on AMN Healthcare Services and gave the company a “buy” rating in a research note on Friday, September 28th. Stephens started coverage on AMN Healthcare Services in a research note on Tuesday, October 2nd. They issued an “equal weight” rating for the company. Finally, ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $66.78.
AMN Healthcare Services stock opened at $59.74 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.58. AMN Healthcare Services, Inc. has a one year low of $46.75 and a one year high of $68.20. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.42 and a beta of 0.56.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. The firm had revenue of $526.84 million during the quarter, compared to analysts’ expectations of $526.90 million. During the same period last year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that AMN Healthcare Services, Inc. will post 3.27 earnings per share for the current year.
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AMN Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The company operates through the following segments: Nurse and Allied Healthcare Staffing, Locum Tenens Staffing and Physician Permanent Placement Services.
Further Reading: What is an SEC Filing?
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