Great Valley Advisor Group Inc. bought a new stake in AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,223 shares of the company's stock, valued at approximately $354,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMN. Quadrant Capital Group LLC increased its position in AMN Healthcare Services by 53.3% in the 1st quarter. Quadrant Capital Group LLC now owns 391 shares of the company's stock valued at $41,000 after buying an additional 136 shares in the last quarter. HBC Financial Services PLLC bought a new stake in AMN Healthcare Services in the 1st quarter valued at about $41,000. Archer Investment Corp bought a new stake in AMN Healthcare Services in the 1st quarter valued at about $52,000. Covestor Ltd increased its holdings in AMN Healthcare Services by 148.5% during the 1st quarter. Covestor Ltd now owns 969 shares of the company's stock worth $101,000 after purchasing an additional 579 shares in the last quarter. Finally, Hardy Reed LLC bought a new stake in AMN Healthcare Services during the 1st quarter worth approximately $119,000. 96.36% of the stock is owned by institutional investors.
Get AMN Healthcare Services alerts:Insider Transactions at AMN Healthcare Services
In other news, insider Denise L. Jackson sold 6,330 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 18,267 shares in the company, valued at approximately $1,956,213.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.80% of the company's stock.
AMN Healthcare Services Price Performance
Shares of NYSE AMN opened at $105.96 on Friday. AMN Healthcare Services, Inc. has a twelve month low of $82.75 and a twelve month high of $129.12. The stock's 50 day moving average price is $107.71 and its 200-day moving average price is $104.36. The company has a market capitalization of $4.59 billion, a PE ratio of 10.79, a PEG ratio of 2.92 and a beta of 0.29. 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 (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 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The company's revenue was up 66.4% compared to the same quarter last year. On average, equities analysts anticipate that AMN Healthcare Services, Inc. will post 11.26 EPS for the current year.
AMN Healthcare Services declared that its board has approved a stock repurchase plan on Wednesday, June 15th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. StockNews.com lowered AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, August 2nd. Credit Suisse Group boosted their price objective on AMN Healthcare Services to $125.00 in a report on Tuesday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $140.50.
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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