Rice Hall James & Associates LLC cut its position in AMN Healthcare Services, Inc. (NYSE:AHS) by 33.0% during the second quarter, Holdings Channel reports. The institutional investor owned 389,496 shares of the company’s stock after selling 191,617 shares during the period. Rice Hall James & Associates LLC’s holdings in AMN Healthcare Services were worth $15,568,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised 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 last quarter. Parametrica Management Ltd acquired a new stake in shares of AMN Healthcare Services during the second quarter worth $202,000. M&T Bank Corp acquired a new stake in shares of AMN Healthcare Services during the first quarter worth $241,000. Creative Planning raised 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 last quarter. Finally, Foundry Partners LLC raised its stake in shares of AMN Healthcare Services by 0.7% in the second quarter. Foundry Partners LLC now owns 6,400 shares of the company’s stock worth $256,000 after buying an additional 45 shares during the last quarter. 97.50% of the stock is owned by institutional investors and hedge funds.
AMN Healthcare Services, Inc. (NYSE:AHS) traded down 1.95% during midday trading on Tuesday, reaching $30.61. 1,122,154 shares of the company were exchanged. The company has a 50-day moving average of $34.71 and a 200 day moving average of $37.12. The firm has a market capitalization of $1.47 billion, a PE ratio of 14.18 and a beta of 0.85. AMN Healthcare Services, Inc. has a 52 week low of $21.24 and a 52 week high of $44.99.
AMN Healthcare Services (NYSE:AHS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. AMN Healthcare Services had a net margin of 6.14% and a return on equity of 29.27%. The business earned $473.70 million during the quarter, compared to analyst estimates of $455.14 million. During the same period last year, the firm posted $0.38 EPS. The company’s revenue was up 35.3% on a year-over-year basis. Equities analysts predict that AMN Healthcare Services, Inc. will post $2.29 earnings per share for the current year.
A number of brokerages have recently weighed in on AHS. Lake Street Capital boosted their price objective on shares of AMN Healthcare Services from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 5th. BMO Capital Markets restated a “buy” rating on shares of AMN Healthcare Services in a report on Monday, June 6th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.80.
In other AMN Healthcare Services news, insider Susan R. Salka sold 30,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $44.00, for a total transaction of $1,320,000.00. Following the completion of the sale, the insider now directly owns 288,688 shares of the company’s stock, valued at approximately $12,702,272. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.60% of the company’s stock.
AMN Healthcare Services Company Profile
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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