New York State Common Retirement Fund lessened its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 7.1% in the 1st quarter, HoldingsChannel reports. The firm owned 69,322 shares of the company’s stock after selling 5,272 shares during the period. New York State Common Retirement Fund’s holdings in AMN Healthcare Services were worth $3,264,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Financial Architects Inc acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth about $32,000. Quadrant Capital Group LLC lifted its stake in shares of AMN Healthcare Services by 205.4% during the 1st quarter. Quadrant Capital Group LLC now owns 739 shares of the company’s stock worth $34,000 after buying an additional 497 shares during the last quarter. Claybrook Capital LLC acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth about $40,000. Financial Gravity Companies Inc. acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth about $48,000. Finally, James Investment Research Inc. acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth about $58,000. 96.78% of the stock is owned by hedge funds and other institutional investors.
Shares of AMN Healthcare Services stock opened at $51.23 on Wednesday. AMN Healthcare Services, Inc. has a twelve month low of $45.04 and a twelve month high of $65.81. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85.
AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. AMN Healthcare Services had a net margin of 6.21% and a return on equity of 24.75%. The business had revenue of $532.40 million during the quarter, compared to analysts’ expectations of $525.24 million. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that AMN Healthcare Services, Inc. will post 2.86 EPS for the current fiscal year.
In other AMN Healthcare Services news, Director R Jeffrey Harris sold 10,490 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.01, for a total value of $545,584.90. Following the transaction, the director now directly owns 55,890 shares of the company’s stock, valued at approximately $2,906,838.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew M. Stern sold 4,668 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.09, for a total transaction of $243,156.12. Following the completion of the transaction, the director now directly owns 4,168 shares in the company, valued at $217,111.12. The disclosure for this sale can be found here. Insiders sold a total of 85,084 shares of company stock valued at $4,275,670 in the last quarter. Corporate insiders own 2.07% of the company’s stock.
A number of research firms have recently issued reports on AMN. ValuEngine upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Benchmark set a $66.00 target price on shares of AMN Healthcare Services and gave the stock a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. Finally, Sidoti set a $73.00 target price on shares of AMN Healthcare Services and gave the stock a “buy” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $65.88.
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AMN Healthcare Services Company 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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