According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “
A number of other equities research analysts have also recently issued reports on AHS. Lake Street Capital raised their target price on AMN Healthcare Services from $46.00 to $50.00 and gave the company a buy rating in a research note on Friday, August 5th. BMO Capital Markets reiterated a buy rating and issued a $47.00 target price on shares of AMN Healthcare Services in a research note on Wednesday, September 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $45.80.
AMN Healthcare Services (NYSE:AHS) traded up 0.03% during midday trading on Wednesday, hitting $31.44. 60,910 shares of the company traded hands. The stock has a 50 day moving average of $34.49 and a 200 day moving average of $37.07. AMN Healthcare Services has a 12-month low of $21.24 and a 12-month high of $44.99. The stock has a market cap of $1.51 billion, a P/E ratio of 14.57 and a beta of 0.85.
AMN Healthcare Services (NYSE:AHS) last posted its earnings results 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. The company had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $455.14 million. AMN Healthcare Services had a return on equity of 29.27% and a net margin of 6.14%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Equities research analysts predict that AMN Healthcare Services will post $2.29 EPS for the current fiscal year.
In other news, insider Susan R. Salka sold 30,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $44.00, for a total transaction of $1,320,000.00. Following the transaction, the insider now directly owns 288,688 shares of the company’s stock, valued at $12,702,272. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of AMN Healthcare Services by 15.7% in the second quarter. Vanguard Group Inc. now owns 4,777,108 shares of the company’s stock worth $190,940,000 after buying an additional 649,069 shares during the period. BlackRock Fund Advisors raised its position in shares of AMN Healthcare Services by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,021,726 shares of the company’s stock worth $120,778,000 after buying an additional 72,605 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AMN Healthcare Services by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,859,247 shares of the company’s stock worth $74,313,000 after buying an additional 42,445 shares during the period. State Street Corp raised its position in shares of AMN Healthcare Services by 6.4% in the first quarter. State Street Corp now owns 1,119,030 shares of the company’s stock worth $37,612,000 after buying an additional 67,025 shares during the period. Finally, Kennedy Capital Management Inc. raised its position in shares of AMN Healthcare Services by 25.3% in the first quarter. Kennedy Capital Management Inc. now owns 1,013,097 shares of the company’s stock worth $34,050,000 after buying an additional 204,289 shares during the period. 97.50% of the stock is currently owned by institutional investors.
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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