California Public Employees Retirement System increased its stake in AMN Healthcare Services Inc. (NYSE:AHS) by 26.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,600 shares of the company’s stock after buying an additional 9,600 shares during the period. California Public Employees Retirement System owned 0.09% of AMN Healthcare Services worth $1,823,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Growth Management LP bought a new position in AMN Healthcare Services during the first quarter valued at approximately $9,411,000. UBS Group AG increased its position in AMN Healthcare Services by 15.5% in the first quarter. UBS Group AG now owns 306,693 shares of the company’s stock valued at $10,308,000 after buying an additional 41,235 shares in the last quarter. State Street Corp increased its position in AMN Healthcare Services by 6.4% in the first quarter. State Street Corp now owns 1,119,030 shares of the company’s stock valued at $37,612,000 after buying an additional 67,025 shares in the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in AMN Healthcare Services during the first quarter valued at approximately $18,170,000. Finally, Credit Agricole S A increased its position in AMN Healthcare Services by 1,171.8% in the first quarter. Credit Agricole S A now owns 301,800 shares of the company’s stock worth $10,143,000 after buying an additional 278,070 shares during the period. 97.50% of the stock is currently owned by institutional investors.
AMN Healthcare Services Inc. (NYSE:AHS) remained flat at $31.91 during mid-day trading on Friday. 1,056,841 shares of the stock traded hands. AMN Healthcare Services Inc. has a 12 month low of $21.24 and a 12 month high of $44.99. The stock’s 50-day moving average price is $34.34 and its 200 day moving average price is $37.03. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.79 and a beta of 0.85.
AMN Healthcare Services (NYSE:AHS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. The firm had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $455.14 million. AMN Healthcare Services had a net margin of 6.14% and a return on equity of 29.27%. The company’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. Analysts forecast that AMN Healthcare Services Inc. will post $2.29 EPS for the current year.
A number of research analysts have commented on the stock. Lake Street Capital raised their target price on shares of AMN Healthcare Services from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 5th. BMO Capital Markets reissued a “buy” rating and set a $47.00 target price on shares of AMN Healthcare Services in a research report on Wednesday, September 7th. Finally, Zacks Investment Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. AMN Healthcare Services presently has an average rating of “Buy” and a consensus price target of $45.80.
In other AMN Healthcare Services news, insider Susan R. Salka sold 30,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $44.00, for a total value of $1,320,000.00. Following the transaction, the insider now owns 288,688 shares of the company’s stock, valued at $12,702,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by company insiders.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.