BB&T Securities LLC purchased a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,218 shares of the company’s stock, valued at approximately $409,000.
A number of other large investors also recently made changes to their positions in AMN. Schwab Charles Investment Management Inc. grew its position in AMN Healthcare Services by 10.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 275,083 shares of the company’s stock valued at $13,548,000 after acquiring an additional 26,573 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of AMN Healthcare Services during the fourth quarter worth $828,000. M&T Bank Corp bought a new stake in shares of AMN Healthcare Services during the fourth quarter worth $210,000. Swiss National Bank grew its holdings in shares of AMN Healthcare Services by 3.2% during the fourth quarter. Swiss National Bank now owns 81,700 shares of the company’s stock worth $4,024,000 after purchasing an additional 2,500 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of AMN Healthcare Services by 58.4% during the fourth quarter. First Trust Advisors LP now owns 63,538 shares of the company’s stock worth $3,129,000 after purchasing an additional 23,428 shares during the last quarter.
Several analysts have recently commented on the company. Zacks Investment Research cut AMN Healthcare Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 12th. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Robert W. Baird cut AMN Healthcare Services from an “outperform” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Friday, May 4th. SunTrust Banks increased their target price on AMN Healthcare Services to $74.00 and gave the stock a “buy” rating in a report on Friday, April 20th. Finally, Lake Street Capital increased their target price on AMN Healthcare Services to $70.00 and gave the stock a “buy” rating in a report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $62.10.
In related news, Director R Jeffrey Harris sold 19,524 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $54.38, for a total value of $1,061,715.12. Following the transaction, the director now owns 88,189 shares in the company, valued at $4,795,717.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian M. Scott sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $59.11, for a total value of $1,182,200.00. Following the completion of the transaction, the chief financial officer now owns 56,365 shares in the company, valued at approximately $3,331,735.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,021 shares of company stock worth $4,959,053. 2.18% of the stock is owned by company insiders.
AMN Healthcare Services stock opened at $60.80 on Friday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 23.75, a PEG ratio of 1.45 and a beta of 0.38. AMN Healthcare Services, Inc. has a 12-month low of $34.85 and a 12-month high of $68.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $518.97 million. AMN Healthcare Services had a return on equity of 24.50% and a net margin of 7.11%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. equities analysts predict that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current fiscal year.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services 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; rapid response 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 from a few days up to one year under the Staff Care and Locum Leaders brands.
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