State of Wyoming Makes New Investment in AMN Healthcare Services Inc $AMN

State of Wyoming acquired a new stake in AMN Healthcare Services Inc (NYSE:AMN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,178 shares of the company’s stock, valued at approximately $718,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMN. GSA Capital Partners LLP bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $1,322,000. Assenagon Asset Management S.A. bought a new position in shares of AMN Healthcare Services during the 2nd quarter worth about $1,464,000. Versant Capital Management Inc increased its holdings in shares of AMN Healthcare Services by 41.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after purchasing an additional 345 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of AMN Healthcare Services during the first quarter valued at about $382,000. Finally, Bank of America Corp DE raised its position in shares of AMN Healthcare Services by 9.0% during the first quarter. Bank of America Corp DE now owns 587,369 shares of the company’s stock valued at $10,772,000 after buying an additional 48,501 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $34.47 on Monday. The company has a 50-day moving average of $32.88 and a 200-day moving average of $25.64. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.27 and a beta of 0.40. AMN Healthcare Services Inc has a 52 week low of $14.97 and a 52 week high of $37.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMN. Wall Street Zen downgraded AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a research report on Monday. Zacks Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday. Robert W. Baird set a $36.00 price objective on AMN Healthcare Services in a report on Friday, August 7th. Finally, Citizens Jmp boosted their price objective on AMN Healthcare Services from $36.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.43.

Insider Buying and Selling at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the sale, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. This represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

About AMN Healthcare Services

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.