Corient Private Wealth LP Invests $3.15 Million in AMN Healthcare Services Inc $AMN

Corient Private Wealth LP purchased a new stake in AMN Healthcare Services Inc (NYSE:AMN) in the 2nd quarter, Holdings Channel reports. The fund purchased 97,303 shares of the company’s stock, valued at approximately $3,150,000.

A number of other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc raised its position in AMN Healthcare Services by 41.8% in the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after acquiring an additional 345 shares in the last quarter. Allworth Financial LP acquired a new stake in AMN Healthcare Services in the second quarter valued at $65,000. Summit Securities Group LLC purchased a new stake in shares of AMN Healthcare Services during the 4th quarter worth $32,000. Tower Research Capital LLC TRC boosted its position in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of AMN Healthcare Services during the 3rd quarter worth $63,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMN. Truist Financial increased their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Robert W. Baird set a $36.00 price objective on shares of AMN Healthcare Services in a report on Friday, August 7th. BMO Capital Markets upped their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. UBS Group increased their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and an average price target of $31.43.

AMN Healthcare Services Stock Down 2.5%

AMN Healthcare Services stock opened at $33.42 on Wednesday. AMN Healthcare Services Inc has a fifty-two week low of $14.97 and a fifty-two week high of $37.22. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.18 and a beta of 0.38. The stock’s fifty day moving average is $33.73 and its two-hundred day moving average is $26.81. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The business had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts predict that AMN Healthcare Services Inc will post 3.31 EPS for the current fiscal year.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. This 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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by corporate insiders.

About AMN Healthcare Services

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.