ARGA Investment Management LP Sells 16,015 Shares of AMN Healthcare Services Inc $AMN

ARGA Investment Management LP lessened its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 35.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,767 shares of the company’s stock after selling 16,015 shares during the quarter. ARGA Investment Management LP’s holdings in AMN Healthcare Services were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AMN. Summit Securities Group LLC bought a new stake in shares of AMN Healthcare Services during the 4th quarter valued at $32,000. China Universal Asset Management Co. Ltd. raised its holdings in AMN Healthcare Services by 200.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after purchasing an additional 2,000 shares during the period. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services during the third quarter valued at $63,000. Tower Research Capital LLC TRC lifted its position in AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Strs Ohio bought a new stake in AMN Healthcare Services during the first quarter valued at about $95,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Up 2.9%

Shares of AMN opened at $32.46 on Friday. The business’s 50 day moving average is $29.84 and its 200 day moving average is $22.66. The company has a market capitalization of $1.26 billion, a PE ratio of -37.31, a price-to-earnings-growth ratio of 0.72 and a beta of 0.41. AMN Healthcare Services Inc has a 12-month low of $14.86 and a 12-month high of $36.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm earned $0.45 EPS. The firm’s revenue was up 99.9% compared to the same quarter last year. Research analysts expect that AMN Healthcare Services Inc will post 2.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Robert W. Baird upped their price target on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Zacks Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group boosted their price objective on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Citizens Jmp restated a “market outperform” rating and set a $36.00 target price on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Activity

In other news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the transaction, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by insiders.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.