Redhawk Wealth Advisors Inc. Purchases Shares of 4,980 AMN Healthcare Services, Inc. (NYSE:AMN)

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.

COPYRIGHT VIOLATION NOTICE: “Redhawk Wealth Advisors Inc. Purchases Shares of 4,980 AMN Healthcare Services, Inc. (NYSE:AMN)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2019/06/17/redhawk-wealth-advisors-inc-purchases-shares-of-4980-amn-healthcare-services-inc-nyseamn.html.

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

Want to see what other hedge funds are holding AMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMN Healthcare Services, Inc. (NYSE:AMN).

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

Receive News & Ratings for AMN Healthcare Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMN Healthcare Services and related companies with MarketBeat.com's FREE daily email newsletter.