Connors Investor Services Inc. reduced its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,072 shares of the company’s stock after selling 1,110 shares during the quarter. Connors Investor Services Inc.’s holdings in AMN Healthcare Services were worth $3,341,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in AMN Healthcare Services by 109.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,260 shares of the company’s stock worth $191,000 after acquiring an additional 1,705 shares during the period. Palouse Capital Management Inc. bought a new stake in AMN Healthcare Services during the third quarter worth $200,000. D.A. Davidson & CO. bought a new stake in AMN Healthcare Services during the second quarter worth $202,000. Truvestments Capital LLC bought a new stake in AMN Healthcare Services during the second quarter worth $218,000. Finally, Itau Unibanco Holding S.A. bought a new stake in AMN Healthcare Services during the second quarter worth $253,000.
A number of analysts recently commented on AMN shares. Zacks Investment Research upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, November 20th. Jefferies Financial Group set a $68.00 price target on AMN Healthcare Services and gave the stock a “buy” rating in a report on Friday, September 28th. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Berenberg Bank started coverage on AMN Healthcare Services in a research note on Thursday, October 4th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Stephens started coverage on AMN Healthcare Services in a research note on Tuesday, October 2nd. They issued an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. AMN Healthcare Services currently has an average rating of “Buy” and a consensus price target of $65.70.
Shares of AMN opened at $64.00 on Tuesday. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.58. AMN Healthcare Services, Inc. has a 1 year low of $46.75 and a 1 year high of $68.20.
AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Wednesday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.08. The firm had revenue of $526.84 million for the quarter, compared to analyst estimates of $526.90 million. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Research analysts anticipate that AMN Healthcare Services, Inc. will post 3.27 earnings per share for the current fiscal year.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services 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; rapid response 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 from a few days up to one year under the Staff Care and Locum Leaders brands.
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