Redhawk Wealth Advisors Inc. purchased a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the 1st quarter, Holdings Channel reports. The fund purchased 4,980 shares of the company’s stock, valued at approximately $235,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC acquired a new stake in shares of AMN Healthcare Services in the first quarter valued at approximately $26,000. Financial Architects Inc acquired a new stake in shares of AMN Healthcare Services in the first quarter valued at approximately $32,000. Claybrook Capital LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at approximately $40,000. Quadrant Capital Group LLC raised its holdings in shares of AMN Healthcare Services by 205.4% in the first quarter. Quadrant Capital Group LLC now owns 739 shares of the company’s stock valued at $34,000 after purchasing an additional 497 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in AMN Healthcare Services during the first quarter worth $58,000. 96.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on AMN shares. Zacks Investment Research downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday, February 18th. ValuEngine downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, Benchmark set a $66.00 target price on shares of AMN Healthcare Services and gave the stock a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. AMN Healthcare Services currently has a consensus rating of “Buy” and a consensus target price of $65.88.
In other news, Director Andrew M. Stern sold 4,668 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.09, for a total value of $243,156.12. Following the completion of the sale, the director now owns 4,168 shares of the company’s stock, valued at $217,111.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan R. Salka sold 28,746 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $48.05, for a total transaction of $1,381,245.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,084 shares of company stock valued at $4,275,670. Company insiders own 2.07% of the company’s stock.
AMN stock opened at $51.58 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.47 and a quick ratio of 1.47. AMN Healthcare Services, Inc. has a one year low of $45.04 and a one year high of $65.81. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.40 and a beta of 0.85.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.75 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $532.40 million during the quarter, compared to analysts’ expectations of $525.24 million. During the same period in the previous year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 2.94 earnings per share for the current fiscal year.
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About AMN Healthcare Services
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.
Further Reading: Overbought
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