West Coast Financial LLC raised its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 4.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 140,684 shares of the company’s stock after purchasing an additional 6,173 shares during the period. AMN Healthcare Services accounts for about 1.8% of West Coast Financial LLC’s portfolio, making the stock its 14th largest position. West Coast Financial LLC’s holdings in AMN Healthcare Services were worth $7,695,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in AMN Healthcare Services by 15.2% during the 2nd quarter. FMR LLC now owns 1,026,700 shares of the company’s stock valued at $60,165,000 after purchasing an additional 135,300 shares during the period. Bridge City Capital LLC purchased a new position in AMN Healthcare Services during the 2nd quarter valued at about $1,354,000. ClariVest Asset Management LLC purchased a new position in AMN Healthcare Services during the 2nd quarter valued at about $4,424,000. Private Advisor Group LLC purchased a new position in AMN Healthcare Services during the 2nd quarter valued at about $425,000. Finally, Standard Life Aberdeen plc increased its position in AMN Healthcare Services by 0.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 897,856 shares of the company’s stock valued at $52,637,000 after purchasing an additional 2,649 shares during the period.
A number of research analysts have commented on the stock. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Wednesday. Berenberg Bank assumed coverage on shares of AMN Healthcare Services in a research report on Thursday, October 4th. They set a “buy” rating and a $70.00 target price on the stock. Stephens assumed coverage on shares of AMN Healthcare Services in a research report on Tuesday, October 2nd. They set an “equal weight” rating on the stock. Jefferies Financial Group set a $68.00 target price on shares of AMN Healthcare Services and gave the company a “buy” rating in a research report on Friday, September 28th. Finally, Zacks Investment Research raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Monday, August 27th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $65.60.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. AMN Healthcare Services had a net margin of 7.08% and a return on equity of 23.75%. The business had revenue of $558.10 million for the quarter, compared to analysts’ expectations of $533.99 million. During the same period last year, the business earned $0.67 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, research analysts forecast that AMN Healthcare Services, Inc. will post 3.21 EPS for the current year.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services 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; rapid response 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 from a few days up to one year under the Staff Care and Locum Leaders brands.
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