AMN Healthcare Services Inc (AMN) Stake Raised by Redwood Investments LLC
Redwood Investments LLC increased its position in AMN Healthcare Services Inc (NYSE:AMN) by 77.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,999 shares of the company’s stock after buying an additional 132,779 shares during the period. AMN Healthcare Services comprises approximately 1.2% of Redwood Investments LLC’s portfolio, making the stock its 28th largest position. Redwood Investments LLC owned about 0.64% of AMN Healthcare Services worth $11,910,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AMN. BlackRock Inc. bought a new position in AMN Healthcare Services during the first quarter worth approximately $229,289,000. Vanguard Group Inc. bought a new position in AMN Healthcare Services during the first quarter worth approximately $172,667,000. Dimensional Fund Advisors LP bought a new position in AMN Healthcare Services during the first quarter worth approximately $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 worth $57,975,000 after buying an additional 106,575 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in AMN Healthcare Services by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 1,345,029 shares of the company’s stock worth $52,523,000 after buying an additional 48,161 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.
AMN Healthcare Services Inc (AMN) opened at 38.70 on Monday. AMN Healthcare Services Inc has a 52 week low of $26.00 and a 52 week high of $43.85. The firm has a 50-day moving average price of $37.42 and a 200 day moving average price of $38.62. The firm 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 issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. The company had revenue of $489.80 million during the quarter, compared to analyst estimates of $489.79 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. AMN Healthcare Services’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast 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 topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on AMN Healthcare Services in a research note on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price objective on the stock. Zacks Investment Research raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Monday, May 8th. Finally, ValuEngine raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.50.
In related news, Director Mark G. Foletta sold 1,500 shares of AMN Healthcare Services stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $36.71, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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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