Putnam FL Investment Management Co. bought a new position in shares of AMN Healthcare Services Inc (NYSE:AMN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 64,475 shares of the company’s stock, valued at approximately $2,947,000. Putnam FL Investment Management Co. owned approximately 0.13% of AMN Healthcare Services at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Alps Advisors Inc. increased its stake in AMN Healthcare Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,736 shares of the company’s stock valued at $458,000 after purchasing an additional 30 shares in the last quarter. Pinebridge Investments L.P. increased its stake in AMN Healthcare Services by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,312 shares of the company’s stock valued at $246,000 after purchasing an additional 87 shares in the last quarter. Arizona State Retirement System increased its stake in AMN Healthcare Services by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 24,996 shares of the company’s stock valued at $976,000 after purchasing an additional 100 shares in the last quarter. Cipher Capital LP increased its stake in AMN Healthcare Services by 0.6% in the 2nd quarter. Cipher Capital LP now owns 38,511 shares of the company’s stock valued at $1,504,000 after purchasing an additional 237 shares in the last quarter. Finally, Suntrust Banks Inc. increased its stake in AMN Healthcare Services by 3.1% in the 2nd quarter. Suntrust Banks Inc. now owns 9,353 shares of the company’s stock valued at $364,000 after purchasing an additional 279 shares in the last quarter.
Shares of AMN Healthcare Services Inc (NYSE AMN) traded down $0.80 during trading hours on Thursday, reaching $42.45. The company’s stock had a trading volume of 615,100 shares, compared to its average volume of 566,331. The firm has a market cap of $2,066.15, a PE ratio of 16.96 and a beta of 0.41. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.60. AMN Healthcare Services Inc has a 52-week low of $31.85 and a 52-week high of $46.60.
AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $494.41 million for the quarter, compared to analysts’ expectations of $493.89 million. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. AMN Healthcare Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. equities analysts anticipate that AMN Healthcare Services Inc will post 2.57 EPS for the current year.
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In other AMN Healthcare Services news, Director Andrew M. Stern sold 10,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $42.89, for a total transaction of $428,900.00. Following the sale, the director now owns 6,668 shares in the company, valued at approximately $285,990.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ralph Henderson sold 6,906 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $46.00, for a total value of $317,676.00. Following the sale, the insider now owns 31,772 shares in the company, valued at approximately $1,461,512. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,362 shares of company stock worth $3,863,304. 2.49% of the stock is owned by insiders.
AMN has been the subject of several research analyst reports. ValuEngine raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Credit Suisse Group initiated coverage on AMN Healthcare Services in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $48.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $43.00 price objective on shares of AMN Healthcare Services in a research note on Friday, September 1st. Zacks Investment Research downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Benchmark Co. reaffirmed a “buy” rating and issued a $52.00 price objective (up from $47.00) on shares of AMN Healthcare Services in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.13.
AMN Healthcare Services Company 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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