ETF Managers Group LLC boosted its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 9.8% in the first quarter, HoldingsChannel.com reports. The firm owned 2,522 shares of the company’s stock after purchasing an additional 226 shares during the quarter. ETF Managers Group LLC’s holdings in AMN Healthcare Services were worth $119,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Architects Inc acquired a new stake in AMN Healthcare Services in the first quarter worth approximately $32,000. Claybrook Capital LLC acquired a new stake in AMN Healthcare Services in the fourth quarter worth approximately $40,000. Quadrant Capital Group LLC lifted its position in AMN Healthcare Services by 205.4% in the first quarter. Quadrant Capital Group LLC now owns 739 shares of the company’s stock worth $34,000 after purchasing an additional 497 shares during the period. Financial Gravity Companies Inc. acquired a new stake in AMN Healthcare Services in the fourth quarter worth approximately $48,000. Finally, We Are One Seven LLC acquired a new stake in AMN Healthcare Services in the fourth quarter worth approximately $67,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.
NYSE AMN opened at $50.00 on Monday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.41 and a beta of 0.77. AMN Healthcare Services, Inc. has a 1 year low of $45.04 and a 1 year high of $65.81. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.06. The company had revenue of $532.40 million for the quarter, compared to analysts’ expectations of $525.24 million. AMN Healthcare Services had a return on equity of 24.75% and a net margin of 6.21%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. As a group, analysts anticipate that AMN Healthcare Services, Inc. will post 2.85 EPS for the current year.
In other AMN Healthcare Services news, insider Susan R. Salka sold 29,179 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $51.02, for a total value of $1,488,712.58. Following the transaction, the insider now owns 195,686 shares of the company’s stock, valued at $9,983,899.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew M. Stern sold 4,668 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $52.09, for a total transaction of $243,156.12. Following the sale, the director now directly owns 4,168 shares in the company, valued at $217,111.12. The disclosure for this sale can be found here. Insiders sold 73,083 shares of company stock worth $3,658,699 in the last ninety days. 2.07% of the stock is owned by corporate insiders.
A number of research firms have weighed in on AMN. ValuEngine upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Benchmark set a $66.00 target price on AMN Healthcare Services and gave the stock a “buy” rating in a research report on Thursday, March 28th. Sidoti set a $73.00 target price on AMN Healthcare Services and gave the stock a “buy” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. AMN Healthcare Services presently has a consensus rating of “Buy” and an average target price of $65.88.
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AMN Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities 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; 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 under the Staff Care and Locum Leaders brands.
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