Milestone Asset Management LLC Purchases Shares of 9,595 AMN Healthcare Services, Inc. (NYSE:AMN)

Milestone Asset Management LLC acquired a new position in AMN Healthcare Services, Inc. (NYSE:AMN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,595 shares of the company’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of AMN Healthcare Services by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock worth $268,117,000 after purchasing an additional 37,676 shares during the period. Boston Partners lifted its holdings in shares of AMN Healthcare Services by 102.7% during the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock valued at $216,038,000 after purchasing an additional 1,461,541 shares during the last quarter. Swedbank AB purchased a new stake in AMN Healthcare Services in the first quarter valued at about $70,617,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of AMN Healthcare Services in the second quarter worth $45,481,000. Finally, WCM Investment Management LLC grew its holdings in shares of AMN Healthcare Services by 107.8% during the first quarter. WCM Investment Management LLC now owns 764,997 shares of the company’s stock valued at $47,820,000 after buying an additional 396,805 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

AMN has been the topic of several analyst reports. JMP Securities cut their price target on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 13th. UBS Group decreased their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Bank of America boosted their price target on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Finally, BMO Capital Markets upped their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Stock Down 1.8 %

AMN opened at $51.08 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.27. AMN Healthcare Services, Inc. has a 12 month low of $46.74 and a 12 month high of $90.95. The stock has a market capitalization of $1.94 billion, a P/E ratio of 13.73 and a beta of 0.12. The business has a 50 day simple moving average of $55.32 and a 200-day simple moving average of $58.58.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results 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. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The company had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. During the same quarter in the prior year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter was down 25.3% compared to the same quarter last year. On average, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.15 earnings per share 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.