AMN Healthcare Services Inc $AMN Shares Acquired by UBS Group AG

UBS Group AG lifted its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 31.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 482,619 shares of the company’s stock after acquiring an additional 116,568 shares during the period. UBS Group AG’s holdings in AMN Healthcare Services were worth $7,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMN. Strengthening Families & Communities LLC boosted its holdings in AMN Healthcare Services by 238.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after acquiring an additional 1,207 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in shares of AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after purchasing an additional 2,000 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of AMN Healthcare Services during the third quarter worth $63,000. Tower Research Capital LLC TRC lifted its position in shares of AMN Healthcare Services by 49.2% during the second 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, Covestor Ltd boosted its stake in shares of AMN Healthcare Services by 13.9% in the third quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after purchasing an additional 579 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMN shares. BMO Capital Markets raised their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a report on Monday, February 23rd. Citizens Jmp raised their target price on AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, February 23rd. Wall Street Zen raised AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Robert W. Baird boosted their price target on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.29.

AMN Healthcare Services Stock Performance

AMN stock opened at $28.94 on Tuesday. The firm has a market cap of $1.12 billion, a P/E ratio of -33.26, a P/E/G ratio of 0.70 and a beta of 0.30. AMN Healthcare Services Inc has a 12-month low of $14.86 and a 12-month high of $31.65. The stock’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $18.94. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business’s quarterly revenue was up 99.9% on a year-over-year basis. As a group, equities research analysts predict that AMN Healthcare Services Inc will post 2.53 EPS for the current year.

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.