Healthcare of Ontario Pension Plan Trust Fund Raises Position in AMN Healthcare Services Inc $AMN

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 175.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,174 shares of the company’s stock after acquiring an additional 192,510 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AMN Healthcare Services were worth $5,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millennium Management LLC raised its holdings in AMN Healthcare Services by 55.8% in the 4th quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock worth $31,614,000 after purchasing an additional 718,048 shares during the period. State Street Corp grew its holdings in AMN Healthcare Services by 1.8% during the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock valued at $25,609,000 after purchasing an additional 28,479 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in AMN Healthcare Services by 1,278.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after purchasing an additional 1,300,005 shares during the period. Renaissance Technologies LLC increased its position in AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock worth $25,242,000 after buying an additional 463,100 shares in the last quarter. Finally, Boston Partners increased its position in AMN Healthcare Services by 7,583.1% in the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock worth $16,313,000 after buying an additional 1,021,672 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $34.41 on Thursday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -39.56, a price-to-earnings-growth ratio of 0.80 and a beta of 0.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $31.68 and a 200-day moving average price of $24.35. AMN Healthcare Services Inc has a twelve month low of $14.86 and a twelve month high of $36.27.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.50. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The firm’s quarterly revenue was up 99.9% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. As a group, equities research analysts predict that AMN Healthcare Services Inc will post 2.7 EPS for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the sale, the director directly owned 17,917 shares of the company’s stock, valued at $556,681.19. This trade represents a 17.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMN. UBS Group lifted their price objective on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. BMO Capital Markets raised their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Finally, Truist Financial upped their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $29.00.

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.