Orion Portfolio Solutions LLC acquired a new position in AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,978 shares of the company's stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its holdings in AMN Healthcare Services by 2.2% during the 1st 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of AMN Healthcare Services by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,662,414 shares of the company's stock worth $590,760,000 after purchasing an additional 59,967 shares during the last quarter. State Street Corp lifted its holdings 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 worth $162,335,000 after acquiring an additional 56,075 shares in the last quarter. Federated Hermes Inc. lifted its holdings 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 worth $121,110,000 after acquiring an additional 132,587 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in AMN Healthcare Services by 0.7% during the second quarter. Riverbridge Partners LLC now owns 713,856 shares of the company's stock worth $78,317,000 after acquiring an additional 4,937 shares in the last quarter. Institutional investors own 96.36% of the company's stock.
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In other 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 directly owns 18,267 shares of the company's stock, valued at approximately $1,956,213.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company's stock.
AMN Healthcare Services Stock Down 1.4 %
Shares of NYSE:AMN opened at $101.65 on Wednesday. The company has a fifty day moving average of $108.84 and a 200-day moving average of $104.29. The company has a market capitalization of $4.40 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.87 and a beta of 0.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. AMN Healthcare Services, Inc. has a 52-week low of $82.75 and a 52-week high of $129.12.AMN Healthcare Services (NYSE:AMN – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $3.31 earnings per share for the quarter, beating analysts' consensus estimates of $3.00 by $0.31. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. AMN Healthcare Services had a return on equity of 49.78% and a net margin of 8.81%. AMN Healthcare Services's quarterly revenue was up 66.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 earnings per share. On average, equities analysts predict that AMN Healthcare Services, Inc. will post 11.26 EPS for the current fiscal year.
AMN Healthcare Services declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 15th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
A number of brokerages have recently commented on AMN. Credit Suisse Group boosted their price target on AMN Healthcare Services to $125.00 in a report on Tuesday, August 9th. StockNews.com downgraded AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 2nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $140.50.
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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