Telemus Capital LLC purchased a new stake in AMN Healthcare Services Inc (NYSE:AMN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,986 shares of the company’s stock, valued at approximately $468,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in AMN Healthcare Services during the first quarter valued at about $229,289,000. Vanguard Group Inc. purchased a new position in AMN Healthcare Services during the first quarter valued at about $172,667,000. Dimensional Fund Advisors LP purchased a new position in AMN Healthcare Services during the first quarter valued at about $68,250,000. Vaughan Nelson Investment Management L.P. raised its position in AMN Healthcare Services by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,484,650 shares of the company’s stock valued at $57,975,000 after buying an additional 106,575 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in AMN Healthcare Services during the first quarter valued at about $52,653,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.
AMN Healthcare Services Inc (NYSE AMN) opened at 35.95 on Friday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 15.84 and a beta of 0.56. AMN Healthcare Services Inc has a 12-month low of $26.00 and a 12-month high of $44.99. The firm’s 50-day moving average is $37.33 and its 200 day moving average is $38.61.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $489.80 million during the quarter, compared to analyst estimates of $489.79 million. AMN Healthcare Services had a return on equity of 27.77% and a net margin of 5.80%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts expect that AMN Healthcare Services Inc will post $3.12 earnings per share for the current fiscal year.
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AMN has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They set an “outperform” rating and a $45.00 price target for the company. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. AMN Healthcare Services currently has an average rating of “Buy” and an average price target of $45.50.
In other news, Director Mark G. Foletta sold 1,500 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $36.71, for a total transaction of $55,065.00. Following the completion of the sale, the director now owns 6,025 shares of the company’s stock, valued at $221,177.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.49% of the company’s stock.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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