Redwood Investments LLC Increases Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Redwood Investments LLC lifted its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,420 shares of the company’s stock after purchasing an additional 696 shares during the quarter. Redwood Investments LLC’s holdings in AMN Healthcare Services were worth $12,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMN. Dimensional Fund Advisors LP lifted its stake in AMN Healthcare Services by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,557,429 shares of the company’s stock worth $88,244,000 after purchasing an additional 21,012 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in AMN Healthcare Services by 66.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,026 shares of the company’s stock worth $115,000 after purchasing an additional 809 shares during the last quarter. Amalgamated Bank bought a new stake in AMN Healthcare Services in the fourth quarter worth $412,000. Norges Bank bought a new stake in AMN Healthcare Services in the fourth quarter worth $26,156,000. Finally, Geode Capital Management LLC lifted its stake in AMN Healthcare Services by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 489,762 shares of the company’s stock worth $27,749,000 after purchasing an additional 22,262 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

In related news, insider Susan R. Salka sold 29,179 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $51.02, for a total transaction of $1,488,712.58. Following the transaction, the insider now owns 195,686 shares in the company, valued at $9,983,899.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael M. E. Johns sold 1,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $51.85, for a total transaction of $51,850.00. Following the transaction, the director now owns 42,659 shares in the company, valued at approximately $2,211,869.15. The disclosure for this sale can be found here. Insiders sold 50,021 shares of company stock worth $2,575,229 in the last 90 days. Corporate insiders own 2.07% of the company’s stock.

Shares of AMN stock traded up $3.10 during mid-day trading on Wednesday, reaching $53.60. The stock had a trading volume of 612,897 shares, compared to its average volume of 251,748. The company has a 50-day moving average price of $53.93. AMN Healthcare Services, Inc. has a 52-week low of $45.04 and a 52-week high of $65.81. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.39 and a beta of 0.89. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.88.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. AMN Healthcare Services had a net margin of 6.21% and a return on equity of 24.75%. The firm had revenue of $535.20 million for the quarter, compared to analysts’ expectations of $526.06 million. During the same quarter in the previous year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts forecast that AMN Healthcare Services, Inc. will post 2.99 earnings per share for the current year.

AMN has been the subject of several recent research reports. ValuEngine raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. BMO Capital Markets boosted their price target on shares of AMN Healthcare Services from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.00.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

Further Reading: Growth and Income Funds

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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