Euclidean Technologies Management LLC bought a new stake in AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,963 shares of the company's stock, valued at approximately $215,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blair William & Co. IL purchased a new position in AMN Healthcare Services in the 4th quarter worth about $241,000. Alliancebernstein L.P. increased its stake in AMN Healthcare Services by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 121,346 shares of the company's stock worth $14,844,000 after buying an additional 927 shares during the period. Squarepoint Ops LLC increased its stake in AMN Healthcare Services by 342.3% in the 4th quarter. Squarepoint Ops LLC now owns 12,906 shares of the company's stock worth $1,579,000 after buying an additional 9,988 shares during the period. Cubist Systematic Strategies LLC increased its position in AMN Healthcare Services by 32.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 29,281 shares of the company's stock valued at $3,582,000 after purchasing an additional 7,241 shares during the period. Finally, Kennedy Capital Management Inc. increased its position in AMN Healthcare Services by 28.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 89,220 shares of the company's stock valued at $10,914,000 after purchasing an additional 19,766 shares during the period. Hedge funds and other institutional investors own 96.36% of the company's stock.
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In related news, insider Denise L. Jackson sold 6,330 shares of the business's stock in a transaction on Friday, August 26th. The shares were 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 of the company's stock, valued at approximately $1,956,213.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by insiders.
AMN Healthcare Services Price Performance
NYSE:AMN opened at $111.55 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 3.18 and a beta of 0.25. The company has a 50 day moving average price of $107.62 and a 200-day moving average price of $104.48. AMN Healthcare Services, Inc. has a 1-year low of $82.75 and a 1-year high of $129.12.AMN Healthcare Services (NYSE:AMN – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $3.31 EPS for the quarter, topping the consensus estimate of $2.96 by $0.35. 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%. The firm's revenue was up 66.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. Equities research analysts forecast that AMN Healthcare Services, Inc. will post 11.26 EPS for the current year.
AMN Healthcare Services announced that its Board of Directors has initiated a stock repurchase program on Wednesday, June 15th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
AMN has been the topic of a number of research reports. StockNews.com downgraded shares of AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 2nd. Credit Suisse Group lifted their target price on shares of AMN Healthcare Services to $125.00 in a research note on Tuesday, August 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, AMN Healthcare Services presently has an average rating of "Buy" and an average price target of $140.50.
About AMN Healthcare Services
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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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