AMN Healthcare Services, Inc. (NYSE:AMN) Holdings Increased by MGO One Seven LLC

Posted by Defense World Staff on Aug 16th, 2023

MGO One Seven LLC grew its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,850 shares of the company’s stock after buying an additional 584 shares during the quarter. MGO One Seven LLC’s holdings in AMN Healthcare Services were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Money Concepts Capital Corp bought a new stake in shares of AMN Healthcare Services during the 4th quarter worth about $33,000. Ameritas Advisory Services LLC bought a new stake in shares of AMN Healthcare Services during the 1st quarter worth about $34,000. HM Payson & Co. raised its position in shares of AMN Healthcare Services by 87.0% during the 4th quarter. HM Payson & Co. now owns 430 shares of the company’s stock worth $44,000 after buying an additional 200 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of AMN Healthcare Services during the 1st quarter worth about $47,000. Finally, Archer Investment Corp grew its stake in shares of AMN Healthcare Services by 20.0% in the 4th quarter. Archer Investment Corp now owns 600 shares of the company’s stock worth $62,000 after purchasing an additional 100 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $90.48 on Wednesday. The firm’s 50 day simple moving average is $104.77 and its 200-day simple moving average is $95.49. 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 market cap of $3.44 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 3.32 and a beta of 0.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.20 and a quick ratio of 1.20.

AMN Healthcare Services (NYSE:AMN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.24. AMN Healthcare Services had a net margin of 7.29% and a return on equity of 42.90%. The firm had revenue of $991.30 million for the quarter, compared to the consensus estimate of $988.32 million. During the same period in the previous year, the firm posted $3.31 earnings per share. The firm’s revenue was down 30.5% on a year-over-year basis. As a group, equities research analysts predict that AMN Healthcare Services, Inc. will post 8.12 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMN. Bank of America cut shares of AMN Healthcare Services from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $112.00 to $104.00 in a research note on Friday, August 4th. StockNews.com began coverage on shares of AMN Healthcare Services in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $114.00 to $106.00 and set an “outperform” rating on the stock in a research note on Monday, August 7th. Credit Suisse Group lowered 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. Finally, Truist Financial lifted their price objective on shares of AMN Healthcare Services from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.17.

Get Our Latest Stock Report on AMN

Insider Activity at AMN Healthcare Services

In related news, Director Daphne E. Jones sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $109.57, for a total transaction of $109,570.00. Following the transaction, the director now directly owns 7,799 shares of the company’s stock, valued at $854,536.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is currently owned by insiders.

AMN Healthcare Services Profile

(Free Report)

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.

AMN Healthcare Services, Inc. (NYSE:AMN) Holdings Increased by MGO One Seven LLC

AMN Healthcare Services Stock Performance

Wall Street Analyst Weigh In

Insider Activity at AMN Healthcare Services

AMN Healthcare Services Profile

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