Empowered Funds LLC Takes $5.46 Million Position in AMN Healthcare Services Inc $AMN

Empowered Funds LLC acquired a new position in AMN Healthcare Services Inc (NYSE:AMN) during the second quarter, HoldingsChannel reports. The fund acquired 168,798 shares of the company’s stock, valued at approximately $5,464,000.

Several other large investors also recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at $32,000. Versant Capital Management Inc lifted its stake in shares of AMN Healthcare Services by 41.8% in the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after purchasing an additional 345 shares during the period. Johnson Financial Group Inc. acquired a new position in AMN Healthcare Services in the third quarter valued at about $63,000. Tower Research Capital LLC TRC raised its position in shares of 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 during the period. Finally, Allworth Financial LP bought a new position in AMN Healthcare Services during the second quarter worth about $65,000. Institutional investors own 99.23% of the company’s stock.

Insider Buying and Selling at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the company’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 completion of the transaction, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. This represents 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMN. UBS Group lifted their price target on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Robert W. Baird set a $36.00 price objective on AMN Healthcare Services in a report on Friday, August 7th. Truist Financial lifted their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Finally, BMO Capital Markets increased their target price on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.43.

AMN Healthcare Services Stock Down 1.1%

Shares of NYSE AMN opened at $34.23 on Tuesday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.19 and a beta of 0.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00. AMN Healthcare Services Inc has a 12 month low of $14.97 and a 12 month high of $37.22. The stock has a 50-day moving average price of $33.68 and a two-hundred day moving average price of $26.71.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.58. The company had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. As a group, analysts forecast that AMN Healthcare Services Inc will post 3.31 earnings per share for the current fiscal year.

AMN Healthcare Services Company 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.