Private Advisor Group LLC acquired a new stake in AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,206 shares of the company’s stock, valued at approximately $598,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Mission Wealth Management LP grew its stake in AMN Healthcare Services by 1.2% in the 1st quarter. Mission Wealth Management LP now owns 10,430 shares of the company’s stock valued at $865,000 after acquiring an additional 124 shares during the last quarter. Barclays PLC boosted its stake in shares of AMN Healthcare Services by 0.4% during the 4th quarter. Barclays PLC now owns 35,478 shares of the company’s stock worth $3,647,000 after purchasing an additional 132 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of AMN Healthcare Services by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 5,944 shares of the company’s stock worth $620,000 after purchasing an additional 133 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of AMN Healthcare Services by 0.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 39,137 shares of the company’s stock worth $4,147,000 after purchasing an additional 137 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of AMN Healthcare Services by 5.7% during the 2nd quarter. Creative Planning now owns 3,173 shares of the company’s stock worth $348,000 after purchasing an additional 170 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of AMN Healthcare Services in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Robert W. Baird decreased their price target on shares of AMN Healthcare Services from $111.00 to $100.00 in a research note on Friday, May 5th. Bank of America cut shares of AMN Healthcare Services from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $104.00 in a research note on Friday, August 4th. BMO Capital Markets decreased their price target 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. Finally, Truist Financial raised their target price on shares of AMN Healthcare Services from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services presently has an average rating of “Moderate Buy” and an average target price of $112.17.
Insider Activity at AMN Healthcare Services
In related news, Director Daphne E. Jones sold 1,000 shares of the firm’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 value of $109,570.00. Following the transaction, the director now owns 7,799 shares in the company, valued at $854,536.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is currently owned by insiders.
AMN Healthcare Services Price Performance
AMN opened at $87.58 on Friday. The company’s 50 day simple moving average is $100.04 and its 200 day simple moving average is $94.66. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.20 and a current ratio of 1.20. AMN Healthcare Services, Inc. has a 1 year low of $81.15 and a 1 year high of $129.04. The stock has a market capitalization of $3.33 billion, a PE ratio of 11.60, a P/E/G ratio of 3.24 and a beta of 0.37.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $2.38 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $988.32 million. During the same quarter last year, the firm posted $3.31 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 30.5% compared to the same quarter last year. As a group, sell-side analysts expect that AMN Healthcare Services, Inc. will post 8.08 EPS for the current year.
AMN Healthcare Services Company 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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