AMN Healthcare Services Inc $AMN Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its stake in AMN Healthcare Services Inc (NYSE:AMN) by 411.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,007 shares of the company’s stock after purchasing an additional 215,623 shares during the quarter. Empowered Funds LLC’s holdings in AMN Healthcare Services were worth $4,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMN. Summit Securities Group LLC purchased a new stake in shares of AMN Healthcare Services in the fourth quarter worth about $32,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of AMN Healthcare Services by 200.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after buying an additional 2,000 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at about $63,000. Tower Research Capital LLC TRC lifted its position in AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Strs Ohio acquired a new position in AMN Healthcare Services during the 1st quarter worth approximately $95,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the firm’s 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 owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.07% of the company’s stock.

AMN Healthcare Services Trading Down 2.8%

Shares of AMN opened at $33.74 on Friday. The company has a market capitalization of $1.31 billion, a P/E ratio of -38.78, a P/E/G ratio of 0.77 and a beta of 0.41. AMN Healthcare Services Inc has a one year low of $14.86 and a one year high of $36.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day moving average price of $31.99 and a 200 day moving average price of $24.56.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.45 EPS. AMN Healthcare Services’s revenue for the quarter was up 99.9% compared to the same quarter last year. Sell-side analysts forecast that AMN Healthcare Services Inc will post 2.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on AMN shares. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group boosted their target price on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Citizens Jmp restated a “market outperform” rating and issued a $36.00 target price on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Truist Financial raised their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.