Public Employees Retirement Association of Colorado raised its position in AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,030 shares of the company’s stock after acquiring an additional 27,610 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.72% of AMN Healthcare Services worth $24,061,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of AMN. Archer Investment Corp grew its position in shares of AMN Healthcare Services by 20.0% during the fourth quarter. Archer Investment Corp now owns 600 shares of the company’s stock worth $62,000 after buying an additional 100 shares in the last quarter. Xponance Inc. grew its position in shares of AMN Healthcare Services by 4.5% during the fourth quarter. Xponance Inc. now owns 2,778 shares of the company’s stock worth $286,000 after buying an additional 120 shares in the last quarter. Mission Wealth Management LP grew its position in shares of AMN Healthcare Services by 1.2% during the first quarter. Mission Wealth Management LP now owns 10,430 shares of the company’s stock worth $865,000 after buying an additional 124 shares in the last quarter. Barclays PLC grew its position in shares of AMN Healthcare Services by 0.4% during the fourth quarter. Barclays PLC now owns 35,478 shares of the company’s stock worth $3,647,000 after buying an additional 132 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of AMN Healthcare Services by 2.3% during the first quarter. Cetera Investment Advisers now owns 5,944 shares of the company’s stock worth $620,000 after buying an additional 133 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on AMN shares. Credit Suisse Group decreased their target price on AMN Healthcare Services from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday. Robert W. Baird lowered their price target on AMN Healthcare Services from $111.00 to $100.00 in a report on Friday, May 5th. BMO Capital Markets lowered their price target on AMN Healthcare Services from $114.00 to $106.00 and set an “outperform” rating for the company in a report on Monday. StockNews.com assumed coverage on AMN Healthcare Services in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Truist Financial increased their price objective on AMN Healthcare Services from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of “Moderate Buy” and an average target price of $112.17.
View Our Latest Stock Analysis on AMN
AMN Healthcare Services Stock Performance
Shares of NYSE AMN traded down $0.96 during mid-day trading on Tuesday, hitting $89.34. 191,479 shares of the company were exchanged, compared to its average volume of 770,790. The company has a quick ratio of 1.33, a current ratio of 1.20 and a debt-to-equity ratio of 1.35. The stock has a 50 day simple moving average of $105.83 and a 200-day simple moving average of $95.87. AMN Healthcare Services, Inc. has a 1-year low of $81.15 and a 1-year high of $129.04. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 3.31 and a beta of 0.37.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.24. AMN Healthcare Services had a return on equity of 42.90% and a net margin of 7.29%. The firm had revenue of $991.30 million during the quarter, compared to the consensus estimate of $988.32 million. During the same period last year, the company earned $3.31 earnings per share. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. On average, sell-side analysts forecast that AMN Healthcare Services, Inc. will post 8.16 EPS for the current fiscal year.
Insider Buying and Selling
In other AMN Healthcare Services 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 value of $109,570.00. Following the completion of the transaction, the director now owns 7,799 shares in the company, valued at $854,536.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.77% of the company’s stock.
About AMN Healthcare Services
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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