Mission Wealth Management LP Acquires Shares of 4,306 AMN Healthcare Services, Inc. (NYSE:AMN)

Mission Wealth Management LP acquired a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,306 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds also recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC bought a new stake in AMN Healthcare Services in the second quarter valued at approximately $68,698,000. State Street Corp lifted its position in AMN Healthcare Services by 7.0% in the first quarter. State Street Corp now owns 1,513,466 shares of the company’s stock valued at $87,493,000 after purchasing an additional 98,650 shares during the last quarter. Riverbridge Partners LLC raised its holdings in shares of AMN Healthcare Services by 65.9% during the third quarter. Riverbridge Partners LLC now owns 1,414,895 shares of the company’s stock valued at $82,715,000 after acquiring an additional 562,166 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of AMN Healthcare Services by 2.6% during the second quarter. Silvercrest Asset Management Group LLC now owns 1,227,465 shares of the company’s stock valued at $55,531,000 after acquiring an additional 31,268 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of AMN Healthcare Services by 2.9% during the second quarter. Federated Hermes Inc. now owns 1,175,919 shares of the company’s stock valued at $53,199,000 after acquiring an additional 33,136 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

A number of equities analysts recently commented on AMN shares. Credit Suisse Group upped their target price on AMN Healthcare Services from $58.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Bank of America started coverage on AMN Healthcare Services in a report on Thursday, October 8th. They set a “buy” rating and a $70.00 target price for the company. BMO Capital Markets upped their target price on AMN Healthcare Services from $50.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 7th. BofA Securities assumed coverage on AMN Healthcare Services in a report on Thursday, October 8th. They set a “buy” rating and a $70.00 target price for the company. Finally, TheStreet upgraded AMN Healthcare Services from a “c+” rating to a “b-” rating in a report on Friday, October 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $67.50.

AMN opened at $66.99 on Friday. The stock has a fifty day simple moving average of $57.33 and a two-hundred day simple moving average of $51.16. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.23. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 4.82 and a beta of 0.53. AMN Healthcare Services, Inc. has a 12-month low of $36.65 and a 12-month high of $89.22.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 6th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. AMN Healthcare Services had a return on equity of 21.06% and a net margin of 3.65%. The firm had revenue of $608.40 million for the quarter, compared to analysts’ expectations of $560.78 million. During the same period in the prior year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts predict that AMN Healthcare Services, Inc. will post 3.02 EPS for the current year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. It offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, Advanced, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a staffing solution under the NurseChoice and HealthSource Global Staffing brands; local, or per diem, staffing for daily shift work under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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