Ieq Capital LLC Invests $2.04 Million in AMN Healthcare Services Inc $AMN

Ieq Capital LLC purchased a new position in shares of AMN Healthcare Services Inc (NYSE:AMN) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 62,899 shares of the company’s stock, valued at approximately $2,036,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in AMN Healthcare Services during the second quarter valued at approximately $65,000. Great Lakes Advisors LLC acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at $2,191,000. First National Bank of Omaha bought a new position in shares of AMN Healthcare Services in the 2nd quarter valued at $2,575,000. BlackRock Inc. bought a new position in shares of AMN Healthcare Services in the 2nd quarter valued at $215,047,000. Finally, Deutsche Bank AG acquired a new position in shares of AMN Healthcare Services during the 2nd quarter worth $1,341,000. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, August 14th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research note on Friday, August 7th. UBS Group increased their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. BMO Capital Markets raised their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AMN Healthcare Services presently has an average rating of “Hold” and an average price target of $31.43.

AMN Healthcare Services Stock Down 2.1%

Shares of AMN opened at $33.80 on Wednesday. AMN Healthcare Services Inc has a 52 week low of $14.97 and a 52 week high of $37.22. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.27 and a beta of 0.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average of $33.42 and a 200-day moving average of $26.31.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.58. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The business had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. During the same quarter in the previous year, the company posted $0.30 EPS. AMN Healthcare Services’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMN Healthcare Services Inc will post 3.1 earnings per share for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares in the company, valued at $556,681.19. This trade represents a 17.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.