Fmr LLC Grows Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Fmr LLC raised its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 152.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,640,599 shares of the company’s stock after buying an additional 2,801,663 shares during the quarter. Fmr LLC owned about 12.19% of AMN Healthcare Services worth $196,715,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMN. Nisa Investment Advisors LLC raised its stake in AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares during the period. Arizona State Retirement System lifted its stake in shares of AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock valued at $543,000 after buying an additional 221 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of AMN Healthcare Services by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after buying an additional 252 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in AMN Healthcare Services by 4.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock worth $360,000 after buying an additional 278 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in AMN Healthcare Services by 5.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock valued at $284,000 after buying an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Up 6.0 %

AMN stock opened at $27.58 on Tuesday. AMN Healthcare Services, Inc. has a 1-year low of $23.37 and a 1-year high of $80.22. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 19.99 and a beta of 0.13. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average is $35.27 and its 200 day moving average is $47.18.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter last year, the company posted $1.97 EPS. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial cut their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 8th. UBS Group cut their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. BMO Capital Markets decreased their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. JMP Securities cut their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 22nd. Finally, Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.33.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to 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, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.