Hsbc Holdings PLC Buys Shares of 46,987 AMN Healthcare Services Inc $AMN

Key Points

• Hsbc Holdings PLC acquired 46,987 shares of AMN Healthcare Services during the second quarter, valued at approximately $1.53 million and representing about 0.12% of the company. Institutional investors collectively own 99.23% of AMN’s outstanding stock.
• AMN reported quarterly earnings of $0.77 per share, exceeding analysts’ $0.19 estimate, while revenue reached $673.24 million and rose 2.3% year over year.
• AMN shares opened at $34.23, near their 52-week high, while analyst sentiment remained mixed: the stock carries an average “Hold” rating and a consensus price target of $31.43.

Hsbc Holdings PLC purchased a new position in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,987 shares of the company's stock, valued at approximately $1,534,000. Hsbc Holdings PLC owned approximately 0.12% of AMN Healthcare Services as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in AMN Healthcare Services in the 4th quarter valued at about $32,000. Versant Capital Management Inc grew its position in shares of AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock worth $38,000 after buying an additional 345 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of AMN Healthcare Services during the third quarter worth approximately $63,000. Tower Research Capital LLC TRC raised its holdings in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock valued at $64,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in AMN Healthcare Services in the second quarter valued at approximately $65,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

Insider Buying and Selling

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the sale, the director owned 17,917 shares of the company's stock, valued at approximately $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by corporate insiders.

AMN Healthcare Services Trading Down 1.1%

AMN opened at $34.23 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. AMN Healthcare Services Inc has a one year low of $14.97 and a one year high of $37.22. The company has a market cap of $1.33 billion, a P/E ratio of 12.77, a PEG ratio of 1.19 and a beta of 0.40. The business's 50-day simple moving average is $33.68 and its 200-day simple moving average is $26.71.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to analysts' expectations of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that AMN Healthcare Services Inc will post 3.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMN shares. Citigroup reiterated an "outperform" rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. Weiss Ratings raised shares of AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Citizens Jmp raised their price objective on shares of AMN Healthcare Services from $36.00 to $40.00 and gave the company a "market outperform" rating in a report on Friday, August 14th. Zacks Research cut shares of AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen cut shares of AMN Healthcare Services from a "buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $31.43.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc NYSE: AMN is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.

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