Financial Architects Inc increased its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 79.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,180 shares of the company’s stock after acquiring an additional 3,630 shares during the period. Financial Architects Inc’s holdings in AMN Healthcare Services were worth $473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of AMN Healthcare Services by 29.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,766,884 shares of the company’s stock valued at $110,094,000 after acquiring an additional 407,208 shares during the last quarter. State Street Corp raised its position in AMN Healthcare Services by 2.3% during the 4th quarter. State Street Corp now owns 1,414,816 shares of the company’s stock valued at $88,157,000 after purchasing an additional 32,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in AMN Healthcare Services by 6.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,014,390 shares of the company’s stock valued at $63,207,000 after purchasing an additional 62,040 shares during the last quarter. Goldman Sachs Group Inc. raised its position in AMN Healthcare Services by 3.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 763,098 shares of the company’s stock valued at $47,548,000 after purchasing an additional 26,480 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in AMN Healthcare Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 597,577 shares of the company’s stock valued at $37,235,000 after purchasing an additional 16,029 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Shares of AMN stock traded down $1.67 during midday trading on Friday, reaching $38.66. 1,397,486 shares of the stock were exchanged, compared to its average volume of 639,443. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96. The firm has a market cap of $1.90 billion, a PE ratio of 16.18 and a beta of 0.44. The company’s 50 day moving average is $51.68 and its two-hundred day moving average is $61.97. AMN Healthcare Services, Inc. has a 1 year low of $36.65 and a 1 year high of $89.22.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The company had revenue of $602.50 million for the quarter, compared to the consensus estimate of $589.19 million. AMN Healthcare Services had a return on equity of 21.89% and a net margin of 5.13%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, equities analysts expect that AMN Healthcare Services, Inc. will post 3.32 EPS for the current fiscal year.

AMN has been the subject of a number of recent analyst reports. TheStreet lowered AMN Healthcare Services from a “b” rating to a “c+” rating in a research report on Friday, May 8th. Sidoti lowered their price target on AMN Healthcare Services from $74.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. SunTrust Banks lowered their price target on AMN Healthcare Services from $64.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, May 12th. Benchmark reaffirmed a “buy” rating and set a $78.00 price target (up previously from $73.00) on shares of AMN Healthcare Services in a research report on Friday, February 14th. Finally, BMO Capital Markets reduced their target price on AMN Healthcare Services from $79.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $63.17.

In related news, insider Ralph Henderson sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $75.22, for a total value of $676,980.00. Following the sale, the insider now owns 11,013 shares in the company, valued at approximately $828,397.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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