Intech Investment Management LLC Boosts Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Intech Investment Management LLC boosted its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 100.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,834 shares of the company’s stock after buying an additional 17,948 shares during the quarter. Intech Investment Management LLC’s holdings in AMN Healthcare Services were worth $1,519,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its stake in shares of AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing 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 worth $543,000 after purchasing an additional 221 shares during the period. 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 worth $345,000 after purchasing an additional 252 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of AMN Healthcare Services by 4.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock worth $360,000 after purchasing an additional 278 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of AMN Healthcare Services by 5.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock worth $284,000 after purchasing an additional 337 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Up 5.1 %

AMN stock opened at $27.16 on Tuesday. AMN Healthcare Services, Inc. has a 52 week low of $23.37 and a 52 week high of $80.22. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 19.68 and a beta of 0.13. 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 business has a fifty day simple moving average of $37.57 and a 200-day simple moving average of $48.57.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. During the same period in the prior year, the firm earned $1.97 EPS. On average, equities research analysts expect that AMN Healthcare Services, Inc. will post 3.09 EPS for the current year.

Wall Street Analysts Forecast Growth

AMN has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reduced their price target on 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. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating 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. Finally, Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.33.

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. This represents a 6.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is owned by insiders.

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.