Public Employees Retirement System of Ohio Has $97,000 Stake in AMN Healthcare Services Inc $AMN

Public Employees Retirement System of Ohio trimmed its position in AMN Healthcare Services Inc (NYSE:AMN) by 91.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,304 shares of the company’s stock after selling 59,875 shares during the period. Public Employees Retirement System of Ohio’s holdings in AMN Healthcare Services were worth $97,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction 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 transaction, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMN. Truist Financial raised 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 note on Wednesday, July 22nd. Citigroup reissued a “market outperform” rating on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd. Robert W. Baird increased their target price on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. 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. Finally, Weiss Ratings upgraded shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.00.

AMN Healthcare Services Stock Down 7.0%

AMN stock opened at $30.50 on Friday. 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 $32.37 and a two-hundred day moving average price of $25.01. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -35.06, a P/E/G ratio of 0.75 and a beta of 0.40. 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 announced its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.58. The company had revenue of $673.24 million for the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. Analysts anticipate that AMN Healthcare Services Inc will post 2.7 EPS for the current fiscal year.

AMN Healthcare Services Profile

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.