Axiom Investors LLC DE boosted its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) by 179.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,355 shares of the company’s stock after purchasing an additional 12,428 shares during the period. Axiom Investors LLC DE’s holdings in AMN Healthcare Services were worth $2,112,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in AMN Healthcare Services by 44.2% during the second quarter. Commonwealth Equity Services LLC now owns 12,990 shares of the company’s stock worth $1,417,000 after purchasing an additional 3,980 shares during the period. Johnson Investment Counsel Inc. purchased a new position in shares of AMN Healthcare Services during the second quarter worth approximately $2,939,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of AMN Healthcare Services by 12.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,115 shares of the company’s stock worth $8,415,000 after acquiring an additional 8,760 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of AMN Healthcare Services by 1.5% during the second quarter. Great Lakes Advisors LLC now owns 132,076 shares of the company’s stock worth $14,412,000 after acquiring an additional 1,993 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of AMN Healthcare Services by 236.2% in the second quarter. Boston Partners now owns 1,115,826 shares of the company’s stock worth $120,770,000 after purchasing an additional 783,966 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on AMN. Benchmark cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. TheStreet downgraded AMN Healthcare Services from a “b” rating to a “c+” rating in a research note on Monday, October 16th. StockNews.com began coverage on AMN Healthcare Services in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Credit Suisse Group lowered their price target on AMN Healthcare Services from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Finally, Bank of America lowered shares of AMN Healthcare Services from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $112.00 to $104.00 in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.00.
AMN Healthcare Services Trading Up 0.6 %
Shares of AMN stock opened at $67.01 on Tuesday. AMN Healthcare Services, Inc. has a 12-month low of $57.80 and a 12-month high of $125.12. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $75.79 and its 200 day moving average is $90.75. The stock has a market capitalization of $2.53 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.46 and a beta of 0.41.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.33. The business had revenue of $853.46 million for the quarter, compared to analysts’ expectations of $851.20 million. AMN Healthcare Services had a net margin of 6.83% and a return on equity of 42.42%. The company’s revenue was down 25.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.57 EPS. Research analysts expect that AMN Healthcare Services, Inc. will post 8.07 earnings per share for the current year.
AMN Healthcare Services Profile
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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