Xact Kapitalforvaltning AB Invests $277,000 in AMN Healthcare Services, Inc. (AMN)

Xact Kapitalforvaltning AB purchased a new stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,616 shares of the company’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at approximately $206,000. Creative Planning acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at approximately $209,000. M&T Bank Corp acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at approximately $210,000. Shelton Capital Management acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at approximately $212,000. Finally, Polen Capital Management LLC acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at approximately $223,000.

AMN Healthcare Services stock opened at $65.20 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3,057.28, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42. AMN Healthcare Services, Inc. has a 1 year low of $34.71 and a 1 year high of $65.88.



AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $509.10 million for the quarter, compared to analyst estimates of $501.64 million. AMN Healthcare Services had a net margin of 6.67% and a return on equity of 24.26%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.37 earnings per share for the current year.

A number of research firms recently commented on AMN. Lake Street Capital raised their price objective on shares of AMN Healthcare Services to $70.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of AMN Healthcare Services from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Group reiterated a “buy” rating and set a $71.00 price objective on shares of AMN Healthcare Services in a research note on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $64.00 price objective on shares of AMN Healthcare Services in a research note on Tuesday. Finally, Benchmark raised their price objective on shares of AMN Healthcare Services from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday. Eleven research analysts have rated the stock with a buy rating, AMN Healthcare Services has a consensus rating of “Buy” and a consensus price target of $62.60.

In other AMN Healthcare Services news, insider Ralph Henderson sold 10,178 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $56.20, for a total value of $572,003.60. Following the transaction, the insider now owns 37,574 shares in the company, valued at $2,111,658.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brian M. Scott sold 6,366 shares of AMN Healthcare Services stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $55.15, for a total transaction of $351,084.90. Following the completion of the transaction, the chief financial officer now owns 62,987 shares in the company, valued at approximately $3,473,733.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,616 shares of company stock worth $2,002,501. 2.18% of the stock is currently owned by company insiders.

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About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.

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

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