Arkadios Wealth Advisors bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,036 shares of the company's stock, valued at approximately $333,000.
Several other hedge funds have also recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of AMN Healthcare Services by 53.3% in the first quarter. Quadrant Capital Group LLC now owns 391 shares of the company's stock worth $41,000 after acquiring an additional 136 shares during the last quarter. HBC Financial Services PLLC acquired a new stake in shares of AMN Healthcare Services in the first quarter valued at about $41,000. Archer Investment Corp purchased a new position in shares of AMN Healthcare Services in the first quarter worth about $52,000. Covestor Ltd boosted its position in AMN Healthcare Services by 148.5% during the first quarter. Covestor Ltd now owns 969 shares of the company's stock worth $101,000 after acquiring an additional 579 shares during the last quarter. Finally, Hardy Reed LLC purchased a new stake in AMN Healthcare Services during the 1st quarter valued at about $119,000. Institutional investors and hedge funds own 96.36% of the company's stock.
Get AMN Healthcare Services alerts:Wall Street Analysts Forecast Growth
AMN has been the subject of several recent research reports. Credit Suisse Group increased their price target on AMN Healthcare Services to $125.00 in a report on Tuesday, August 9th. StockNews.com cut shares of AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $140.50.
Insider Transactions at AMN Healthcare Services
In related news, insider Denise L. Jackson sold 6,330 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $107.09, for a total transaction of $677,879.70. Following the transaction, the insider now owns 18,267 shares of the company's stock, valued at approximately $1,956,213.03. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.80% of the company's stock.AMN Healthcare Services Stock Performance
NYSE AMN opened at $103.95 on Monday. The stock has a market cap of $4.50 billion, a PE ratio of 10.59, a P/E/G ratio of 2.87 and a beta of 0.29. AMN Healthcare Services, Inc. has a twelve month low of $82.75 and a twelve month high of $129.12. The stock has a fifty day simple moving average of $109.20 and a 200-day simple moving average of $104.23. 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 announced its earnings results on Thursday, August 4th. The company reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.31. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. AMN Healthcare Services had a net margin of 8.81% and a return on equity of 49.78%. AMN Healthcare Services's revenue was up 66.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. Equities analysts anticipate that AMN Healthcare Services, Inc. will post 11.26 earnings per share for the current year.
AMN Healthcare Services announced that its board has authorized a share repurchase program on Wednesday, June 15th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.
AMN Healthcare Services Company 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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