Tributary Capital Management LLC lifted its position in AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,075 shares of the company's stock after acquiring an additional 4,979 shares during the quarter. AMN Healthcare Services accounts for approximately 2.0% of Tributary Capital Management LLC's holdings, making the stock its 8th largest position. Tributary Capital Management LLC owned 0.41% of AMN Healthcare Services worth $20,305,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in AMN. Transcend Capital Advisors LLC grew its stake in AMN Healthcare Services by 1.6% during the 1st quarter. Transcend Capital Advisors LLC now owns 5,887 shares of the company's stock worth $614,000 after buying an additional 92 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in AMN Healthcare Services by 0.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 23,000 shares of the company's stock worth $2,525,000 after buying an additional 100 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in AMN Healthcare Services by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 18,957 shares of the company's stock worth $1,978,000 after buying an additional 110 shares during the last quarter. Cetera Investment Advisers grew its stake in AMN Healthcare Services by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 5,944 shares of the company's stock worth $620,000 after buying an additional 133 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in AMN Healthcare Services by 53.3% during the 1st quarter. Quadrant Capital Group LLC now owns 391 shares of the company's stock worth $41,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 96.36% of the company's stock.
Get AMN Healthcare Services alerts:Insider Activity
In other news, insider Denise L. Jackson sold 6,330 shares of the company's stock in a transaction on Friday, August 26th. The stock was sold at an average price of $107.09, for a total value of $677,879.70. Following the completion of the sale, the insider now owns 18,267 shares in the company, valued at $1,956,213.03. 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.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. StockNews.com downgraded AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 2nd. Credit Suisse Group boosted their price target on AMN Healthcare Services to $125.00 in a research report on Tuesday, August 9th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $140.50.AMN Healthcare Services Stock Performance
AMN stock traded up $0.93 during trading on Tuesday, reaching $104.04. 3,180 shares of the company's stock were exchanged, compared to its average volume of 580,388. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. AMN Healthcare Services, Inc. has a 1-year low of $82.75 and a 1-year high of $129.12. The company's fifty day moving average price is $108.84 and its 200-day moving average price is $104.29. The firm has a market cap of $4.50 billion, a PE ratio of 10.50, a P/E/G ratio of 2.87 and a beta of 0.29.
AMN Healthcare Services (NYSE:AMN – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $3.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 49.78% and a net margin of 8.81%. The firm's quarterly revenue was up 66.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 EPS. On average, research analysts expect that AMN Healthcare Services, Inc. will post 11.26 EPS for the current fiscal year.
AMN Healthcare Services announced that its Board of Directors has approved a stock repurchase plan on Wednesday, June 15th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
AMN Healthcare Services Company Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on AMN Healthcare Services (AMN)
- Build A Better Tech Portfolio With Jabil Inc.
- Autodesk Is A Mature Company Still Acting Like A Growth Stock
- Is There Value In These Growth Stocks?
- MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
- Is the Market Overreacting with Shopify Stock?
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.