AMN Healthcare Services Inc (AMN) Stake Lifted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its stake in AMN Healthcare Services Inc (NYSE:AMN) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,479 shares of the company’s stock after acquiring an additional 19,841 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.46% of AMN Healthcare Services worth $8,649,000 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 shares of AMN Healthcare Services in the first quarter valued at approximately $229,289,000. Vanguard Group Inc. bought a new position in shares of AMN Healthcare Services in the first quarter valued at approximately $172,667,000. Dimensional Fund Advisors LP bought a new position in shares of AMN Healthcare Services in the first quarter valued at approximately $68,250,000. State Street Corp bought a new position in shares of AMN Healthcare Services in the first quarter valued at approximately $47,957,000. Finally, Hermes Investment Management Ltd. bought a new position in shares of AMN Healthcare Services in the second quarter valued at approximately $41,404,000. Institutional investors and hedge funds own 99.95% of the company’s stock.
In related news, insider Ralph Henderson sold 6,906 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the sale, the insider now directly owns 31,772 shares of the company’s stock, valued at $1,461,512. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.49% of the company’s stock.
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Shares of AMN Healthcare Services Inc (NYSE:AMN) opened at 44.40 on Thursday. The company has a market capitalization of $2.13 billion, a PE ratio of 18.73 and a beta of 0.45. AMN Healthcare Services Inc has a one year low of $26.00 and a one year high of $46.60. The company’s 50-day moving average is $39.62 and its 200-day moving average is $38.60.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.07. The business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $489.79 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. AMN Healthcare Services’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. Equities analysts predict that AMN Healthcare Services Inc will post $3.12 earnings per share for the current year.
AMN has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price objective for the company. Zacks Investment Research upgraded shares of 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 cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BMO Capital Markets restated a “buy” rating and set a $43.00 target price on shares of AMN Healthcare Services in a report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. AMN Healthcare Services currently has a consensus rating of “Buy” and an average price target of $46.00.
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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