First Hawaiian Bank bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,293 shares of the company’s stock, valued at approximately $344,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Dark Forest Capital Management LP acquired a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at $32,000. First Quadrant LP CA acquired a new stake in shares of AMN Healthcare Services in the 4th quarter valued at $42,000. Covestor Ltd acquired a new stake in shares of AMN Healthcare Services in the 4th quarter valued at $48,000. CWM LLC acquired a new stake in shares of AMN Healthcare Services in the 4th quarter valued at $57,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of AMN Healthcare Services by 477.0% in the 4th quarter. First Horizon Advisors Inc. now owns 704 shares of the company’s stock valued at $85,000 after purchasing an additional 582 shares in the last quarter. Institutional investors own 94.70% of the company’s stock.
Shares of AMN Healthcare Services stock opened at $104.58 on Friday. AMN Healthcare Services, Inc. has a 1 year low of $82.75 and a 1 year high of $129.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $4.68 billion, a P/E ratio of 12.39, a PEG ratio of 8.77 and a beta of 0.36. The company’s fifty day moving average is $97.04 and its two-hundred day moving average is $103.23.
AMN Healthcare Services (NYSE:AMN – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.24. AMN Healthcare Services had a net margin of 8.67% and a return on equity of 44.09%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $1.70 EPS. AMN Healthcare Services’s revenue for the quarter was up 71.8% on a year-over-year basis. As a group, equities analysts expect that AMN Healthcare Services, Inc. will post 10.46 earnings per share for the current year.
AMN Healthcare Services announced that its board has approved a share repurchase program on Wednesday, June 15th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management its shares are undervalued.
A number of brokerages have recently weighed in on AMN. StockNews.com lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 26th. Credit Suisse Group lifted their price target on shares of AMN Healthcare Services from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, June 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AMN Healthcare Services has an average rating of “Buy” and an average price target of $137.60.
In other news, insider Mark Christopher Hagan sold 1,400 shares of AMN Healthcare Services stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $97.53, for a total value of $136,542.00. Following the sale, the insider now owns 13,345 shares of the company’s stock, valued at $1,301,537.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.
AMN Healthcare Services Profile (Get Rating)
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.
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