Los Angeles Capital Management & Equity Research Inc. lowered its position in shares of AMN Healthcare Services Inc. (NYSE:AHS) by 11.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,925 shares of the company’s stock after selling 1,115 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in AMN Healthcare Services were worth $357,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of AHS. Meeder Asset Management Inc. boosted its stake in shares of AMN Healthcare Services by 12.7% in the second quarter. Meeder Asset Management Inc. now owns 4,758 shares of the company’s stock worth $191,000 after buying an additional 536 shares during the period. Parametrica Management Ltd purchased a new stake in shares of AMN Healthcare Services during the second quarter worth approximately $202,000. Intrust Bank NA purchased a new stake in shares of AMN Healthcare Services during the second quarter worth approximately $208,000. Wealthsource Partners LLC purchased a new stake in shares of AMN Healthcare Services during the second quarter worth approximately $240,000. Finally, Creative Planning boosted its stake in shares of AMN Healthcare Services by 35.7% in the second quarter. Creative Planning now owns 6,320 shares of the company’s stock worth $253,000 after buying an additional 1,661 shares during the period. 97.50% of the stock is currently owned by institutional investors and hedge funds.
AMN Healthcare Services Inc. (NYSE:AHS) traded down 1.16% during midday trading on Tuesday, hitting $32.26. 641,662 shares of the company were exchanged. The firm has a market capitalization of $1.55 billion, a PE ratio of 14.95 and a beta of 1.12. AMN Healthcare Services Inc. has a 1-year low of $21.24 and a 1-year high of $44.99. The stock has a 50 day moving average of $35.32 and a 200 day moving average of $37.13.
AMN Healthcare Services (NYSE:AHS) last issued its earnings results on Thursday, August 4th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $455.14 million. AMN Healthcare Services had a net margin of 6.14% and a return on equity of 29.27%. The firm’s revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, equities analysts predict that AMN Healthcare Services Inc. will post $2.32 earnings per share for the current fiscal year.
A number of brokerages have commented on AHS. Lake Street Capital assumed coverage on shares of AMN Healthcare Services in a research report on Tuesday, May 31st. They set a “buy” rating and a $46.00 price target on the stock. BMO Capital Markets reiterated a “buy” rating and set a $47.00 price objective on shares of AMN Healthcare Services in a report on Wednesday, September 7th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. AMN Healthcare Services has a consensus rating of “Buy” and a consensus target price of $45.80.
In related news, insider Susan R. Salka sold 30,000 shares of AMN Healthcare Services stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $44.00, for a total value of $1,320,000.00. Following the transaction, the insider now owns 288,688 shares in the company, valued at approximately $12,702,272. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
About AMN Healthcare Services
AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.
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