Balyasny Asset Management LLC Takes Position in AMN Healthcare Services Inc (NYSE:AMN)

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.

Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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