Connors Investor Services Inc. cut its stake in Amn Healthcare Services Inc (NYSE:AMN) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,997 shares of the company’s stock after selling 2,887 shares during the quarter. Connors Investor Services Inc. owned 0.14% of Amn Healthcare Services worth $3,802,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Amn Healthcare Services by 3.8% in the first quarter. BlackRock Inc. now owns 6,161,359 shares of the company’s stock worth $349,658,000 after acquiring an additional 226,483 shares during the period. Victory Capital Management Inc. grew its stake in shares of Amn Healthcare Services by 29.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,021,463 shares of the company’s stock worth $50,307,000 after acquiring an additional 231,101 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Amn Healthcare Services in the first quarter worth approximately $50,871,000. Northern Trust Corp grew its stake in shares of Amn Healthcare Services by 0.6% in the first quarter. Northern Trust Corp now owns 619,754 shares of the company’s stock worth $35,170,000 after acquiring an additional 3,913 shares during the period. Finally, Columbus Circle Investors bought a new stake in shares of Amn Healthcare Services in the first quarter worth approximately $17,805,000.
AMN has been the subject of a number of research analyst reports. SunTrust Banks lifted their price target on shares of Amn Healthcare Services to $74.00 and gave the stock a “buy” rating in a research note on Friday, April 20th. Zacks Investment Research upgraded shares of Amn Healthcare Services from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Wednesday, February 21st. Credit Suisse Group lifted their price target on shares of Amn Healthcare Services from $62.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 10th. BMO Capital Markets lifted their price target on shares of Amn Healthcare Services to $59.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Lake Street Capital restated a “buy” rating and set a $61.00 target price (up from $50.00) on shares of Amn Healthcare Services in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $62.10.
In related news, insider Susan R. Salka sold 31,952 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $54.63, for a total transaction of $1,745,537.76. Following the completion of the sale, the insider now directly owns 238,025 shares in the company, valued at $13,003,305.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Jeffrey Harris sold 19,524 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $54.38, for a total transaction of $1,061,715.12. Following the sale, the director now owns 88,189 shares of the company’s stock, valued at $4,795,717.82. The disclosure for this sale can be found here. Insiders have sold 55,521 shares of company stock valued at $3,044,603 over the last 90 days. 2.18% of the stock is currently owned by company insiders.
Shares of Amn Healthcare Services opened at $55.50 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $2.69 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.33 and a beta of 0.42. Amn Healthcare Services Inc has a 12-month low of $34.71 and a 12-month high of $68.20.
Amn Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, May 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The company had revenue of $522.50 million during the quarter, compared to analyst estimates of $518.97 million. Amn Healthcare Services had a net margin of 7.11% and a return on equity of 24.50%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. equities research analysts anticipate that Amn Healthcare Services Inc will post 3.26 EPS for the current year.
About Amn Healthcare Services
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.
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).
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.