Fieldpoint Private Securities LLC trimmed its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) by 94.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300 shares of the company’s stock after selling 4,889 shares during the period. Fieldpoint Private Securities LLC’s holdings in AMN Healthcare Services were worth $31,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of AMN. Dark Forest Capital Management LP acquired a new position in shares of AMN Healthcare Services during the 3rd quarter worth approximately $32,000. First Quadrant L P CA acquired a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $42,000. Covestor Ltd acquired a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $48,000. CWM LLC acquired a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $57,000. Finally, First Horizon Advisors Inc. raised its position in shares of AMN Healthcare Services by 477.0% during the 4th quarter. First Horizon Advisors Inc. now owns 704 shares of the company’s stock worth $85,000 after purchasing an additional 582 shares during the last quarter. Institutional investors own 94.70% of the company’s stock.
Shares of AMN opened at $102.06 on Thursday. AMN Healthcare Services, Inc. has a fifty-two week low of $82.75 and a fifty-two week high of $129.12. The stock has a fifty day moving average of $97.09 and a two-hundred day moving average of $103.29. The company has a market capitalization of $4.56 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 8.56 and a beta of 0.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.29 and a current ratio of 1.29.
AMN Healthcare Services announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 15th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other news, insider Mark Christopher Hagan sold 1,400 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $97.53, for a total transaction of $136,542.00. Following the completion of the sale, the insider now directly owns 13,345 shares of the company’s stock, valued at approximately $1,301,537.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is owned by insiders.
Several brokerages recently issued reports on AMN. Credit Suisse Group lifted their price objective on AMN Healthcare Services from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, June 16th. StockNews.com downgraded AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 26th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $137.60.
AMN Healthcare Services Profile (Get Rating)
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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