Copper Rock Capital Partners LLC Lowers Stake in AMN Healthcare Services Inc. (AHS)
Copper Rock Capital Partners LLC lowered its stake in AMN Healthcare Services Inc. (NYSE:AHS) by 17.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 777,965 shares of the company’s stock after selling 164,029 shares during the period. Copper Rock Capital Partners LLC owned approximately 1.62% of AMN Healthcare Services worth $24,529,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Advisor Group Inc. acquired a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $140,000. Tower Research Capital LLC TRC acquired a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $190,000. Meeder Asset Management Inc. boosted its position in shares of AMN Healthcare Services by 12.7% in the second quarter. Meeder Asset Management Inc. now owns 4,758 shares of the company’s stock valued at $191,000 after buying an additional 536 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $202,000. Finally, Intrust Bank NA acquired a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $208,000. 97.50% of the stock is owned by institutional investors.
Shares of AMN Healthcare Services Inc. (NYSE:AHS) traded up 0.22% during mid-day trading on Thursday, reaching $31.50. 88,952 shares of the company’s stock were exchanged. AMN Healthcare Services Inc. has a 52-week low of $21.24 and a 52-week high of $44.99. The company has a market cap of $1.51 billion, a PE ratio of 14.60 and a beta of 0.85. The company’s 50-day moving average price is $34.49 and its 200 day moving average price is $37.07.
AMN Healthcare Services (NYSE:AHS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.08. The business had revenue of $473.70 million for the quarter, compared to the consensus estimate of $455.14 million. AMN Healthcare Services had a net margin of 6.14% and a return on equity of 29.27%. The company’s revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that AMN Healthcare Services Inc. will post $2.29 EPS for the current year.
AHS has been the subject of several recent research reports. Lake Street Capital increased their target price on shares of AMN Healthcare Services from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Zacks Investment Research cut shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $47.00 price target on shares of AMN Healthcare Services in a research note on Wednesday, September 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.80.
In other news, insider Susan R. Salka sold 30,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $44.00, for a total value of $1,320,000.00. Following the sale, the insider now directly owns 288,688 shares of the company’s stock, valued at $12,702,272. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by insiders.
AMN Healthcare Services Company Profile
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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