AMN Healthcare Services, Inc. (NYSE:AMN) Stock Position Trimmed by Putnam Investments LLC

Posted by Defense World Staff on Mar 13th, 2023

Putnam Investments LLC cut its position in AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,296 shares of the company’s stock after selling 403 shares during the quarter. Putnam Investments LLC owned about 0.05% of AMN Healthcare Services worth $2,362,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in AMN Healthcare Services by 177.4% in the 3rd quarter. Signaturefd LLC now owns 527 shares of the company’s stock valued at $56,000 after purchasing an additional 337 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in AMN Healthcare Services in the 3rd quarter valued at about $3,553,000. New York State Common Retirement Fund lifted its position in AMN Healthcare Services by 22.4% in the 3rd quarter. New York State Common Retirement Fund now owns 83,563 shares of the company’s stock valued at $8,854,000 after purchasing an additional 15,270 shares during the last quarter. AlphaCrest Capital Management LLC lifted its position in AMN Healthcare Services by 9.8% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 9,247 shares of the company’s stock valued at $980,000 after purchasing an additional 824 shares during the last quarter. Finally, Bridgewater Associates LP lifted its position in AMN Healthcare Services by 6.1% in the 2nd quarter. Bridgewater Associates LP now owns 77,821 shares of the company’s stock valued at $8,538,000 after purchasing an additional 4,443 shares during the last quarter. 96.94% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Performance

Shares of AMN opened at $87.56 on Monday. The firm’s 50 day moving average is $97.51 and its 200-day moving average is $106.90. The stock has a market capitalization of $3.60 billion, a P/E ratio of 8.90, a P/E/G ratio of 3.18 and a beta of 0.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.27 and a quick ratio of 1.27. AMN Healthcare Services, Inc. has a 12-month low of $82.75 and a 12-month high of $129.04.

AMN Healthcare Services (NYSE:AMN – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.31. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.07 billion. AMN Healthcare Services had a net margin of 8.47% and a return on equity of 49.69%. The business’s revenue was down 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 EPS. Equities research analysts anticipate that AMN Healthcare Services, Inc. will post 8.28 EPS for the current fiscal year.

Analysts Set New Price Targets

AMN has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Credit Suisse Group restated an “outperform” rating and set a $147.00 price target on shares of AMN Healthcare Services in a research report on Friday, February 17th. Robert W. Baird dropped their price target on shares of AMN Healthcare Services from $134.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 17th. Benchmark restated a “buy” rating and set a $148.00 price target on shares of AMN Healthcare Services in a research report on Monday, February 13th. Finally, BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $130.00 to $109.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.00.

Insider Transactions at AMN Healthcare Services

In other news, insider Denise L. Jackson sold 4,001 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $110.76, for a total value of $443,150.76. Following the transaction, the insider now directly owns 14,078 shares of the company’s stock, valued at $1,559,279.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Denise L. Jackson sold 1,002 shares of the firm’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $109.30, for a total transaction of $109,518.60. Following the completion of the sale, the insider now directly owns 18,079 shares in the company, valued at $1,976,034.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Denise L. Jackson sold 4,001 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $110.76, for a total transaction of $443,150.76. Following the completion of the sale, the insider now owns 14,078 shares of the company’s stock, valued at $1,559,279.28. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

AMN Healthcare Services Company Profile

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AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. It operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.