AMN Healthcare Services Inc (AMN) Shares Bought by Congress Asset Management Co. MA

Congress Asset Management Co. MA boosted its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 21.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,005 shares of the company’s stock after buying an additional 3,650 shares during the period. Congress Asset Management Co. MA’s holdings in AMN Healthcare Services were worth $820,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley bought a new position in AMN Healthcare Services during the first quarter worth $17,056,000. Bank of New York Mellon Corp acquired a new position in AMN Healthcare Services during the first quarter valued at approximately $52,653,000. Vanguard Group Inc. acquired a new position in AMN Healthcare Services during the first quarter valued at approximately $172,667,000. Texas Permanent School Fund acquired a new position in AMN Healthcare Services during the first quarter valued at approximately $1,403,000. Finally, Origin Asset Management LLP acquired a new position in AMN Healthcare Services during the first quarter valued at approximately $11,470,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Shares of AMN Healthcare Services Inc (AMN) opened at 38.70 on Friday. The company’s 50-day moving average is $37.42 and its 200 day moving average is $38.62. AMN Healthcare Services Inc has a 1-year low of $26.00 and a 1-year high of $43.85. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 16.33 and a beta of 0.56.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The firm had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $489.79 million. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. AMN Healthcare Services’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. Equities analysts anticipate that AMN Healthcare Services Inc will post $3.12 EPS for the current year.

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AMN has been the topic of several research reports. ValuEngine upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Wells Fargo & Company started coverage on shares of AMN Healthcare Services in a research report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.50.

In related news, Director Mark G. Foletta sold 1,500 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $36.71, for a total transaction of $55,065.00. Following the sale, the director now owns 6,025 shares of the company’s stock, valued at $221,177.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

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.

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

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