17,000 Shares in AMN Healthcare Services Inc $AMN Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in AMN Healthcare Services Inc (NYSE:AMN) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 17,000 shares of the company’s stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMN. Royal Bank of Canada grew its stake in shares of AMN Healthcare Services by 1.5% in the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after buying an additional 2,784 shares during the period. AQR Capital Management LLC raised its stake in AMN Healthcare Services by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after buying an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in AMN Healthcare Services in the first quarter worth approximately $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in AMN Healthcare Services by 13.7% in the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after acquiring an additional 51,737 shares during the period. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Down 1.6%

Shares of NYSE:AMN opened at $31.57 on Friday. The business’s 50 day moving average is $29.62 and its 200 day moving average is $22.59. AMN Healthcare Services Inc has a 12-month low of $14.86 and a 12-month high of $36.27. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -36.29, a PEG ratio of 0.74 and a beta of 0.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $0.45 EPS. AMN Healthcare Services’s quarterly revenue was up 99.9% compared to the same quarter last year. On average, sell-side analysts forecast that AMN Healthcare Services Inc will post 2.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price objective on AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Citigroup reissued a “market outperform” rating on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd. Zacks Research lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Truist Financial raised their price objective on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and an average target price of $27.00.

Insider Activity at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director directly owned 17,917 shares of the company’s stock, valued at $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by corporate insiders.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.