State Street Corp lessened its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,382,652 shares of the company’s stock after selling 57,047 shares during the period. State Street Corp owned 2.96% of AMN Healthcare Services worth $79,585,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of AMN. FMR LLC increased its stake in shares of AMN Healthcare Services by 6.1% in the first quarter. FMR LLC now owns 256,084 shares of the company’s stock valued at $12,059,000 after buying an additional 14,801 shares during the period. First Trust Advisors LP increased its position in AMN Healthcare Services by 111.3% in the 1st quarter. First Trust Advisors LP now owns 67,437 shares of the company’s stock valued at $3,176,000 after acquiring an additional 35,522 shares during the period. Strs Ohio increased its position in AMN Healthcare Services by 8.3% in the 2nd quarter. Strs Ohio now owns 3,900 shares of the company’s stock valued at $211,000 after acquiring an additional 300 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in AMN Healthcare Services in the 2nd quarter valued at approximately $28,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of AMN Healthcare Services during the second quarter valued at $738,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.
In other news, Director Michael M. E. Johns sold 2,659 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.88, for a total transaction of $159,220.92. Following the completion of the sale, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $2,395,200. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Susan R. Salka sold 18,156 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $60.19, for a total transaction of $1,092,809.64. Following the transaction, the chief executive officer now owns 131,555 shares of the company’s stock, valued at approximately $7,918,295.45. The disclosure for this sale can be found here. Insiders sold a total of 41,333 shares of company stock worth $2,486,236 in the last 90 days. Company insiders own 2.07% of the company’s stock.
AMN has been the subject of several recent analyst reports. Benchmark increased their price objective on shares of AMN Healthcare Services from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. William Blair reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, September 20th. Finally, ValuEngine lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $68.00.
AMN stock opened at $61.29 on Wednesday. The company has a market cap of $2.86 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.60 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.47 and a current ratio of 1.47. AMN Healthcare Services, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $65.81. The stock’s 50 day simple moving average is $60.21 and its 200 day simple moving average is $56.59.
AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. AMN Healthcare Services had a return on equity of 22.47% and a net margin of 5.64%. The business had revenue of $567.60 million for the quarter, compared to analysts’ expectations of $562.69 million. During the same period last year, the business earned $0.84 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities analysts predict that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current year.
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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