State Street Corp Increases Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

State Street Corp boosted its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 1.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,520,429 shares of the company’s stock after buying an additional 16,075 shares during the quarter. State Street Corp’s holdings in AMN Healthcare Services were worth $64,451,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Systematic Financial Management LP raised its holdings in shares of AMN Healthcare Services by 14.1% in the third quarter. Systematic Financial Management LP now owns 235,176 shares of the company’s stock valued at $9,969,000 after purchasing an additional 29,119 shares during the last quarter. Quarry LP increased its stake in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after buying an additional 654 shares during the last quarter. Centiva Capital LP lifted its position in shares of AMN Healthcare Services by 142.7% during the 3rd quarter. Centiva Capital LP now owns 36,798 shares of the company’s stock worth $1,560,000 after buying an additional 21,634 shares in the last quarter. White Knight Strategic Wealth Advisors LLC grew its holdings in shares of AMN Healthcare Services by 15.0% in the third quarter. White Knight Strategic Wealth Advisors LLC now owns 15,940 shares of the company’s stock valued at $676,000 after acquiring an additional 2,075 shares in the last quarter. Finally, FORA Capital LLC increased its position in shares of AMN Healthcare Services by 7.3% during the third quarter. FORA Capital LLC now owns 24,626 shares of the company’s stock valued at $1,044,000 after acquiring an additional 1,686 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $23.52 on Thursday. The firm has a market cap of $895.50 million, a P/E ratio of 17.04 and a beta of 0.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average is $32.24 and its 200-day moving average is $44.89. AMN Healthcare Services, Inc. has a 12-month low of $23.13 and a 12-month high of $80.22.

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

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on AMN shares. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Truist Financial cut their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Jefferies Financial Group dropped their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Finally, JMP Securities decreased their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Profile

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.