Nationwide Fund Advisors Raises Stake in AMN Healthcare Services Inc. (AHS)
Nationwide Fund Advisors raised its stake in AMN Healthcare Services Inc. (NYSE:AHS) by 64.5% during the second quarter, Holdings Channel reports. The fund owned 50,741 shares of the company’s stock after buying an additional 19,893 shares during the period. Nationwide Fund Advisors owned approximately 0.11% of AMN Healthcare Services worth $2,028,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AHS. Meeder Asset Management Inc. increased its position in AMN Healthcare Services by 12.7% in the second quarter. Meeder Asset Management Inc. now owns 4,758 shares of the company’s stock valued at $191,000 after buying an additional 536 shares during the last quarter. Parametrica Management Ltd acquired a new position in AMN Healthcare Services during the second quarter valued at $202,000. Intrust Bank NA acquired a new position in AMN Healthcare Services during the second quarter valued at $208,000. Wealthsource Partners LLC acquired a new position in AMN Healthcare Services during the second quarter valued at $240,000. Finally, M&T Bank Corp acquired a new position in AMN Healthcare Services during the first quarter valued at $241,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.
AMN Healthcare Services Inc. (NYSE:AHS) traded up 0.18% during trading on Friday, reaching $34.24. 78,574 shares of the company traded hands. AMN Healthcare Services Inc. has a 52 week low of $21.24 and a 52 week high of $44.99. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.87 and a beta of 0.85. The company’s 50-day moving average price is $34.02 and its 200 day moving average price is $37.02.
AMN Healthcare Services (NYSE:AHS) last announced its earnings results on Thursday, August 4th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.08. AMN Healthcare Services had a net margin of 6.14% and a return on equity of 29.27%. The firm had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $455.14 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 35.3% on a year-over-year basis. On average, equities research analysts expect that AMN Healthcare Services Inc. will post $2.29 EPS for the current year.
Several research firms have weighed in on AHS. Zacks Investment Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 5th. Lake Street Capital increased their target price on shares of AMN Healthcare Services from $46.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $47.00 target price on shares of AMN Healthcare Services in a report on Wednesday, September 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. AMN Healthcare Services presently has a consensus rating of “Buy” and an average price target of $45.80.
In other news, insider Susan R. Salka sold 30,000 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $44.00, for a total transaction of $1,320,000.00. Following the sale, the insider now owns 288,688 shares in the company, valued at approximately $12,702,272. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.
About AMN Healthcare Services
AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.
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