Balyasny Asset Management LLC purchased a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,500 shares of the company’s stock, valued at approximately $488,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Partners Fund LP acquired a new position in AMN Healthcare Services during the first quarter worth about $101,000. Acrospire Investment Management LLC raised its stake in AMN Healthcare Services by 13.3% during the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after purchasing an additional 300 shares during the period. Bank of Montreal Can purchased a new position in AMN Healthcare Services during the second quarter worth about $105,000. SG Americas Securities LLC purchased a new position in AMN Healthcare Services during the first quarter worth about $117,000. Finally, Riverhead Capital Management LLC raised its stake in AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock worth $116,000 after purchasing an additional 1,363 shares during the period.
In other AMN Healthcare Services news, insider Ralph Henderson sold 6,906 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $46.00, for a total value of $317,676.00. Following the completion of the transaction, the insider now directly owns 31,772 shares in the company, valued at $1,461,512. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.49% of the stock is owned by company insiders.
Shares of AMN Healthcare Services Inc (NYSE AMN) traded up 1.88% during trading on Friday, reaching $43.30. 719,295 shares of the company’s stock were exchanged. The company’s 50-day moving average is $41.70 and its 200 day moving average is $38.89. AMN Healthcare Services Inc has a 52 week low of $26.00 and a 52 week high of $46.60. The stock has a market capitalization of $2.08 billion, a PE ratio of 18.27 and a beta of 0.45.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. The firm had revenue of $489.80 million during the quarter, compared to the consensus estimate of $489.79 million. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. On average, analysts forecast that AMN Healthcare Services Inc will post $3.12 earnings per share for the current year.
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A number of research analysts recently weighed in on AMN shares. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, July 4th. ValuEngine cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reiterated a “buy” rating and set a $43.00 price target on shares of AMN Healthcare Services in a report on Friday, September 1st. Finally, Benchmark Co. reiterated a “buy” rating and set a $52.00 price target (up previously from $47.00) on shares of AMN Healthcare Services in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.83.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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