Fulcrum Equity Management lowered its holdings in AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) by 62.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,172 shares of the company's stock after selling 3,580 shares during the period. Fulcrum Equity Management's holdings in AMN Healthcare Services were worth $238,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its position in shares of AMN Healthcare Services by 2.2% in the first quarter. BlackRock Inc. now owns 7,494,748 shares of the company's stock valued at $781,928,000 after purchasing an additional 163,430 shares during the period. Vanguard Group Inc. grew its position in AMN Healthcare Services by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,662,414 shares of the company's stock valued at $590,760,000 after acquiring an additional 59,967 shares during the period. State Street Corp grew its position in AMN Healthcare Services by 3.7% during the first quarter. State Street Corp now owns 1,555,978 shares of the company's stock valued at $162,335,000 after acquiring an additional 56,075 shares during the period. Federated Hermes Inc. grew its position in AMN Healthcare Services by 12.9% during the first quarter. Federated Hermes Inc. now owns 1,160,843 shares of the company's stock valued at $121,110,000 after acquiring an additional 132,587 shares during the period. Finally, Geode Capital Management LLC grew its position in AMN Healthcare Services by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 817,682 shares of the company's stock valued at $100,027,000 after acquiring an additional 41,627 shares during the period. Hedge funds and other institutional investors own 96.36% of the company's stock.
Get AMN Healthcare Services alerts:AMN Healthcare Services Stock Down 0.2 %
Shares of AMN traded down $0.16 during midday trading on Friday, reaching $103.95. 481,631 shares of the company were exchanged, compared to its average volume of 584,909. The stock has a 50-day moving average price of $109.20 and a 200-day moving average price of $104.14. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 2.87 and a beta of 0.29. AMN Healthcare Services, Inc. has a 1-year low of $82.75 and a 1-year high of $129.12. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81.
AMN Healthcare Services (NYSE:AMN – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $3.31 EPS for the quarter, topping analysts' consensus estimates of $3.00 by $0.31. AMN Healthcare Services had a return on equity of 49.78% and a net margin of 8.81%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The firm's quarterly revenue was up 66.4% on a year-over-year basis. Research analysts expect that AMN Healthcare Services, Inc. will post 11.26 earnings per share for the current year.AMN Healthcare Services declared that its board has approved a stock buyback program on Wednesday, June 15th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Credit Suisse Group boosted their price target on AMN Healthcare Services to $125.00 in a research report on Tuesday, August 9th. StockNews.com cut AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AMN Healthcare Services has an average rating of "Buy" and an average price target of $140.50.
Insider Buying and Selling
In related news, insider Denise L. Jackson sold 6,330 shares of the business's stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $107.09, for a total value of $677,879.70. Following the transaction, the insider now owns 18,267 shares in the company, valued at $1,956,213.03. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.80% of the company's stock.
AMN Healthcare Services Profile
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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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