AMN Healthcare Services Inc (AMN) Stake Raised by American International Group Inc.
American International Group Inc. grew its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,455 shares of the company’s stock after buying an additional 2,032 shares during the period. American International Group Inc. owned 0.08% of AMN Healthcare Services worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in AMN. Acrospire Investment Management LLC increased its position in AMN Healthcare Services by 13.3% in the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after purchasing an additional 300 shares during the last quarter. Bank of Montreal Can purchased a new position in AMN Healthcare Services during the second quarter worth $105,000. Riverhead Capital Management LLC boosted its stake in AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock worth $116,000 after buying an additional 1,363 shares during the period. Jaffetilchin Investment Partners LLC purchased a new position in AMN Healthcare Services during the third quarter worth $217,000. Finally, SG Americas Securities LLC boosted its stake in AMN Healthcare Services by 117.2% during the second quarter. SG Americas Securities LLC now owns 6,277 shares of the company’s stock worth $245,000 after buying an additional 3,387 shares during the period.
Several research analysts have commented on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $58.00 price objective on shares of AMN Healthcare Services in a research note on Friday, December 8th. KeyCorp reaffirmed a “buy” rating and set a $56.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, December 7th. ValuEngine lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday, October 3rd. Finally, Robert W. Baird boosted their target price on shares of AMN Healthcare Services from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.11.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The company had revenue of $494.41 million during the quarter, compared to analyst estimates of $493.89 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts predict that AMN Healthcare Services Inc will post 2.56 EPS for the current fiscal year.
In other AMN Healthcare Services news, insider Susan R. Salka sold 74,456 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $41.86, for a total value of $3,116,728.16. Following the completion of the transaction, the insider now directly owns 256,561 shares in the company, valued at $10,739,643.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ralph Henderson sold 6,906 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the transaction, the insider now owns 31,772 shares of the company’s stock, valued at $1,461,512. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,927 shares of company stock valued at $6,426,230. 2.49% of the stock is owned by insiders.
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AMN Healthcare Services Profile
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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