California Public Employees Retirement System lessened its holdings in AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) by 7.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,189 shares of the company’s stock after selling 7,456 shares during the period. California Public Employees Retirement System owned about 0.22% of AMN Healthcare Services worth $10,348,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AMN. Commonwealth Equity Services LLC lifted its stake in shares of AMN Healthcare Services by 74.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,650 shares of the company’s stock worth $446,000 after purchasing an additional 1,554 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of AMN Healthcare Services by 10.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 30,259 shares of the company’s stock worth $3,702,000 after purchasing an additional 2,903 shares during the period. CWM LLC bought a new position in shares of AMN Healthcare Services in the 4th quarter worth approximately $57,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of AMN Healthcare Services by 174.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 7,246 shares of the company’s stock worth $886,000 after purchasing an additional 4,601 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AMN Healthcare Services by 72.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,159 shares of the company’s stock worth $998,000 after purchasing an additional 3,429 shares during the period. Institutional investors own 94.70% of the company’s stock.
AMN Healthcare Services Trading Up 8.9 %
Shares of AMN opened at $117.83 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.29 and a quick ratio of 1.29. AMN Healthcare Services, Inc. has a 1 year low of $82.75 and a 1 year high of $129.12. The company has a 50 day simple moving average of $108.79 and a two-hundred day simple moving average of $103.05. The firm has a market cap of $5.27 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 9.37 and a beta of 0.26.
AMN Healthcare Services (NYSE:AMN – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.31. AMN Healthcare Services had a net margin of 8.81% and a return on equity of 49.14%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the firm posted $1.64 EPS. The company’s revenue was up 66.4% on a year-over-year basis. On average, equities analysts expect that AMN Healthcare Services, Inc. will post 10.41 earnings per share for the current fiscal year.
AMN Healthcare Services declared that its board has approved a share repurchase plan on Wednesday, June 15th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on AMN. StockNews.com lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 2nd. Credit Suisse Group increased their target price on shares of AMN Healthcare Services from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, June 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AMN Healthcare Services presently has an average rating of “Buy” and a consensus price target of $137.60.
Insider Buying and Selling at AMN Healthcare Services
In other AMN Healthcare Services news, insider Mark Christopher Hagan sold 1,400 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $97.53, for a total transaction of $136,542.00. Following the completion of the sale, the insider now directly owns 13,345 shares of the company’s stock, valued at approximately $1,301,537.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.80% of the company’s stock.
AMN Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.
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