Acadian Asset Management LLC lifted its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,852 shares of the company’s stock after buying an additional 10,557 shares during the quarter. Acadian Asset Management LLC owned 0.30% of AMN Healthcare Services worth $10,107,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of AMN Healthcare Services by 1,181.5% in the first quarter. Renaissance Technologies LLC now owns 540,800 shares of the company’s stock valued at $56,422,000 after purchasing an additional 498,600 shares during the period. Norges Bank purchased a new stake in AMN Healthcare Services during the 4th quarter worth approximately $49,022,000. Jupiter Asset Management Ltd. raised its position in shares of AMN Healthcare Services by 337.0% in the 1st quarter. Jupiter Asset Management Ltd. now owns 447,990 shares of the company’s stock valued at $37,147,000 after purchasing an additional 345,468 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of AMN Healthcare Services by 263.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 353,968 shares of the company’s stock valued at $8,012,000 after buying an additional 256,584 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of AMN Healthcare Services by 759.1% during the fourth quarter. Citigroup Inc. now owns 261,347 shares of the company’s stock worth $26,872,000 after buying an additional 230,925 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Daphne E. Jones sold 1,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $109.57, for a total transaction of $109,570.00. Following the completion of the sale, the director now owns 7,799 shares in the company, valued at approximately $854,536.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Credit Suisse Group reduced their price objective on shares of AMN Healthcare Services from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Truist Financial upped their price objective on AMN Healthcare Services from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 4th. BMO Capital Markets decreased their target price on AMN Healthcare Services from $114.00 to $106.00 and set an “outperform” rating for the company in a research report on Monday, August 7th. StockNews.com assumed coverage on AMN Healthcare Services in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Robert W. Baird decreased their price objective on shares of AMN Healthcare Services from $111.00 to $100.00 in a report on Friday, May 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.17.
Get Our Latest Analysis on AMN Healthcare Services
AMN Healthcare Services Trading Down 1.0 %
Shares of AMN stock opened at $87.53 on Monday. The stock has a 50-day simple moving average of $101.70 and a 200 day simple moving average of $94.88. The stock has a market capitalization of $3.33 billion, a P/E ratio of 11.59, a P/E/G ratio of 3.25 and a beta of 0.37. AMN Healthcare Services, Inc. has a fifty-two week low of $81.15 and a fifty-two week high of $129.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.35.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.24. The company had revenue of $991.30 million during the quarter, compared to analyst estimates of $988.32 million. AMN Healthcare Services had a net margin of 7.29% and a return on equity of 42.90%. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.31 EPS. On average, sell-side analysts expect that AMN Healthcare Services, Inc. will post 8.08 earnings per share for the current fiscal year.
AMN Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.
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