Gotham Asset Management LLC cut its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 93.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,519 shares of the company’s stock after selling 142,781 shares during the quarter. Gotham Asset Management LLC’s holdings in AMN Healthcare Services were worth $539,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of AMN Healthcare Services by 1.3% during the third quarter. BlackRock Inc. now owns 6,782,835 shares of the company’s stock worth $371,022,000 after acquiring an additional 88,469 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in AMN Healthcare Services by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,557,429 shares of the company’s stock worth $88,244,000 after purchasing an additional 21,012 shares in the last quarter. Federated Investors Inc. PA grew its stake in AMN Healthcare Services by 670,395.1% in the third quarter. Federated Investors Inc. PA now owns 1,220,301 shares of the company’s stock valued at $66,751,000 after acquiring an additional 1,220,119 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in AMN Healthcare Services by 7.2% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,129,445 shares of the company’s stock valued at $63,995,000 after acquiring an additional 76,131 shares during the period. Finally, FMR LLC grew its stake in AMN Healthcare Services by 0.5% in the third quarter. FMR LLC now owns 1,031,817 shares of the company’s stock valued at $56,440,000 after acquiring an additional 5,117 shares during the period. Institutional investors own 98.63% of the company’s stock.
In related news, CFO Brian M. Scott sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $65.01, for a total transaction of $487,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan R. Salka sold 28,746 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $48.05, for a total value of $1,381,245.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,798 shares of company stock valued at $4,158,881. 2.07% of the stock is owned by company insiders.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 14th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. AMN Healthcare Services had a return on equity of 25.86% and a net margin of 6.64%. The company had revenue of $528.60 million for the quarter, compared to analyst estimates of $539.25 million. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts forecast that AMN Healthcare Services, Inc. will post 2.98 earnings per share for the current year.
A number of brokerages have commented on AMN. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Monday, December 24th. Benchmark set a $66.00 target price on AMN Healthcare Services and gave the company a “buy” rating in a research report on Thursday, March 28th. ValuEngine cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Jefferies Financial Group lifted their target price on AMN Healthcare Services to $74.00 and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Sidoti set a $73.00 target price on AMN Healthcare Services and gave the company a “buy” rating in a research report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $66.80.
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About AMN Healthcare Services
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.
Further Reading: Systematic Risk
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