Macquarie Group Ltd. lowered its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 603,409 shares of the company’s stock after selling 6,615 shares during the period. Macquarie Group Ltd.’s holdings in AMN Healthcare Services were worth $35,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMN. Mount Yale Investment Advisors LLC bought a new stake in AMN Healthcare Services in the first quarter worth about $172,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AMN Healthcare Services by 35.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,177 shares of the company’s stock worth $180,000 after purchasing an additional 836 shares during the last quarter. D.A. Davidson & CO. bought a new stake in AMN Healthcare Services in the second quarter worth about $202,000. Westover Capital Advisors LLC bought a new stake in AMN Healthcare Services in the first quarter worth about $210,000. Finally, Atria Investments LLC bought a new stake in AMN Healthcare Services in the second quarter worth about $223,000.
AMN Healthcare Services stock opened at $52.55 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. AMN Healthcare Services, Inc. has a fifty-two week low of $37.71 and a fifty-two week high of $68.20. The company has a market cap of $2.48 billion, a PE ratio of 20.53, a P/E/G ratio of 1.25 and a beta of 0.30.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.05. AMN Healthcare Services had a net margin of 7.08% and a return on equity of 23.75%. The firm had revenue of $558.10 million during the quarter, compared to the consensus estimate of $533.99 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.21 EPS for the current year.
In other news, CFO Brian M. Scott sold 20,000 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the completion of the sale, the chief financial officer now owns 56,365 shares of the company’s stock, valued at $3,331,735.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.18% of the company’s stock.
Several analysts have issued reports on the stock. ValuEngine downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. Lake Street Capital decreased their price target on shares of AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $58.00 price target on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.11.
AMN Healthcare Services Profile
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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