VELA Investment Management LLC Buys Shares of 12,190 AMN Healthcare Services, Inc. (NYSE:AMN)

VELA Investment Management LLC bought a new position in AMN Healthcare Services, Inc. (NYSE:AMN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,190 shares of the company’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its stake in AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares during the period. Mather Group LLC. bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $31,000. Principal Securities Inc. purchased a new stake in shares of AMN Healthcare Services in the 4th quarter worth approximately $49,000. Nisa Investment Advisors LLC boosted its stake in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after purchasing an additional 219 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in AMN Healthcare Services during the first quarter valued at approximately $58,000. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the subject of a number of analyst reports. JMP Securities lowered their target price on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a report on Tuesday, August 13th. UBS Group decreased their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. BMO Capital Markets lifted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Finally, StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Trading Down 1.9 %

AMN Healthcare Services stock opened at $52.21 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $1.98 billion, a PE ratio of 14.03 and a beta of 0.12. The stock has a 50-day moving average of $55.07 and a two-hundred day moving average of $56.81. AMN Healthcare Services, Inc. has a one year low of $46.74 and a one year high of $89.21.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. The firm had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company’s revenue for the quarter was down 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.38 earnings per share. On average, research analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 EPS for the current fiscal year.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to 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, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.