Comerica Bank grew its holdings in shares of Amn Healthcare Services Inc (NYSE:AMN) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,555 shares of the company’s stock after purchasing an additional 1,533 shares during the quarter. Comerica Bank owned approximately 0.11% of Amn Healthcare Services worth $3,444,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Amn Healthcare Services during the 4th quarter valued at about $206,000. Creative Planning purchased a new stake in shares of Amn Healthcare Services during the 4th quarter valued at about $209,000. M&T Bank Corp purchased a new stake in shares of Amn Healthcare Services during the 4th quarter valued at about $210,000. Shelton Capital Management purchased a new stake in shares of Amn Healthcare Services during the 4th quarter valued at about $212,000. Finally, Polen Capital Management LLC purchased a new stake in shares of Amn Healthcare Services during the 4th quarter valued at about $223,000.
Several equities research analysts have recently commented on AMN shares. BMO Capital Markets reaffirmed a “buy” rating and set a $54.00 price target on shares of Amn Healthcare Services in a research report on Monday, January 22nd. Robert W. Baird upped their price target on shares of Amn Healthcare Services from $43.00 to $60.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Credit Suisse Group upped their price target on shares of Amn Healthcare Services from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Zacks Investment Research raised shares of Amn Healthcare Services from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Wednesday, February 21st. Finally, SunTrust Banks upped their price target on shares of Amn Healthcare Services to $74.00 and gave the company a “buy” rating in a research report on Friday, April 20th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $62.10.
Amn Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. The company had revenue of $522.50 million during the quarter, compared to the consensus estimate of $518.97 million. Amn Healthcare Services had a return on equity of 24.50% and a net margin of 7.11%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. sell-side analysts expect that Amn Healthcare Services Inc will post 3.26 earnings per share for the current year.
In related news, Director R Jeffrey Harris sold 19,524 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $54.38, for a total transaction of $1,061,715.12. Following the completion of the transaction, the director now directly owns 88,189 shares in the company, valued at approximately $4,795,717.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan R. Salka sold 31,952 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $54.63, for a total value of $1,745,537.76. Following the transaction, the insider now owns 238,025 shares of the company’s stock, valued at $13,003,305.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,699 shares of company stock valued at $3,381,686. 2.18% of the stock is currently owned by corporate insiders.
Amn Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.
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