Squarepoint Ops LLC bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,115 shares of the company's stock, valued at approximately $2,516,000. Squarepoint Ops LLC owned approximately 0.13% of AMN Healthcare Services at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP raised its position in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company's stock valued at $39,000 after purchasing an additional 204 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock valued at $38,000 after acquiring an additional 219 shares during the last quarter. Arizona State Retirement System boosted its stake in AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company's stock valued at $543,000 after acquiring an additional 221 shares during the last quarter. Pitcairn Co. grew its holdings in AMN Healthcare Services by 4.2% during the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company's stock worth $384,000 after acquiring an additional 249 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of AMN Healthcare Services by 3.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company's stock worth $345,000 after purchasing an additional 252 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently commented on AMN. JMP Securities reduced their price target on shares of AMN Healthcare Services from $75.00 to $66.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 13th. StockNews.com lowered AMN Healthcare Services from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday. UBS Group decreased their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $67.83.
View Our Latest Research Report on AMN
AMN Healthcare Services Stock Performance
Shares of NYSE AMN traded down $1.38 during midday trading on Thursday, reaching $38.38. 909,828 shares of the company traded hands, compared to its average volume of 795,729. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 10.32 and a beta of 0.12. The stock has a 50-day moving average price of $51.87 and a 200 day moving average price of $54.92. AMN Healthcare Services, Inc. has a 52 week low of $38.23 and a 52 week high of $87.87. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business's revenue for the quarter was down 25.3% on a year-over-year basis. During the same quarter last year, the business earned $2.38 earnings per share. Sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current fiscal year.
About AMN Healthcare Services
(
Free Report)
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.
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