Capstone Asset Management Co. acquired a new stake in AMN Healthcare Services Inc (NYSE:AMN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,700 shares of the company’s stock, valued at approximately $535,000.
A number of other large investors also recently modified their holdings of AMN. Capital One National Association boosted its position in AMN Healthcare Services by 2.1% in the second quarter. Capital One National Association now owns 17,051 shares of the company’s stock worth $666,000 after buying an additional 353 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of AMN Healthcare Services during the first quarter worth about $101,000. Meadow Creek Investment Management LLC purchased a new stake in shares of AMN Healthcare Services during the first quarter worth about $104,000. SG Americas Securities LLC purchased a new stake in shares of AMN Healthcare Services during the first quarter worth about $117,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of AMN Healthcare Services during the first quarter worth about $166,000. 99.95% of the stock is currently owned by institutional investors.
AMN Healthcare Services Inc (AMN) opened at 38.70 on Friday. The company has a 50-day moving average of $37.42 and a 200-day moving average of $38.62. AMN Healthcare Services Inc has a 52 week low of $26.00 and a 52 week high of $43.85. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.33 and a beta of 0.56.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The company had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $489.79 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. Analysts anticipate that AMN Healthcare Services Inc will post $3.12 earnings per share for the current year.
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A number of analysts have weighed in on the company. Zacks Investment Research upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday, July 4th. ValuEngine lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company initiated coverage on AMN Healthcare Services in a report on Tuesday, June 27th. They set an “outperform” rating and a $45.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.50.
In other news, Director Mark G. Foletta sold 1,500 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total value of $55,065.00. Following the transaction, the director now directly 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 this hyperlink. 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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