Public Employees Retirement Association of Colorado grew its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,750 shares of the company’s stock after acquiring an additional 44,469 shares during the period. Public Employees Retirement Association of Colorado owned 0.88% of AMN Healthcare Services worth $22,229,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AMN. SG Capital Management LLC bought a new position in AMN Healthcare Services in the 2nd quarter worth about $50,808,000. Eagle Asset Management Inc. grew its stake in AMN Healthcare Services by 774.2% in the 1st quarter. Eagle Asset Management Inc. now owns 803,756 shares of the company’s stock worth $37,848,000 after acquiring an additional 711,818 shares in the last quarter. Norges Bank bought a new position in AMN Healthcare Services in the 4th quarter worth about $26,156,000. Vaughan Nelson Investment Management L.P. grew its stake in AMN Healthcare Services by 70.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 878,835 shares of the company’s stock worth $41,385,000 after acquiring an additional 362,575 shares in the last quarter. Finally, Carillon Tower Advisers Inc. grew its stake in AMN Healthcare Services by 340.9% in the 1st quarter. Carillon Tower Advisers Inc. now owns 450,500 shares of the company’s stock worth $21,214,000 after acquiring an additional 348,323 shares in the last quarter. Institutional investors and hedge funds own 99.13% of the company’s stock.
Shares of NYSE AMN traded down $1.92 during midday trading on Wednesday, reaching $53.86. 4,689 shares of the company’s stock traded hands, compared to its average volume of 439,951. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.55 and a current ratio of 1.55. The stock’s 50 day moving average is $54.31. AMN Healthcare Services, Inc. has a one year low of $45.04 and a one year high of $65.81. The stock has a market cap of $2.61 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. AMN Healthcare Services had a net margin of 5.96% and a return on equity of 23.53%. The firm had revenue of $535.20 million for the quarter, compared to the consensus estimate of $526.06 million. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Equities analysts predict that AMN Healthcare Services, Inc. will post 3.05 EPS for the current fiscal year.
In other news, insider Susan R. Salka sold 45,975 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $49.92, for a total transaction of $2,295,072.00. Following the transaction, the insider now directly owns 149,711 shares in the company, valued at $7,473,573.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Denise L. Jackson sold 2,400 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $55.01, for a total transaction of $132,024.00. Following the transaction, the insider now owns 20,925 shares in the company, valued at $1,151,084.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,149 shares of company stock worth $3,138,432. Insiders own 2.07% of the company’s stock.
A number of equities analysts have commented on AMN shares. ValuEngine upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. BMO Capital Markets set a $60.00 target price on shares of AMN Healthcare Services and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $67.00.
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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