JPMorgan Chase & Co. Purchases 53,317 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

JPMorgan Chase & Co. boosted its stake in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 55.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,065 shares of the company's stock after buying an additional 53,317 shares during the period. JPMorgan Chase & Co. owned 0.39% of AMN Healthcare Services worth $6,361,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. FMR LLC raised its stake in AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company's stock valued at $196,715,000 after buying an additional 2,801,663 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of AMN Healthcare Services in the 2nd quarter worth about $99,349,000. State Street Corp boosted its stake in AMN Healthcare Services by 1.1% in the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company's stock worth $64,451,000 after purchasing an additional 16,075 shares in the last quarter. Thrivent Financial for Lutherans grew its position in AMN Healthcare Services by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company's stock valued at $54,831,000 after purchasing an additional 30,157 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in AMN Healthcare Services by 23.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company's stock valued at $46,499,000 after purchasing an additional 209,180 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMN has been the topic of several recent analyst reports. Bank of America downgraded AMN Healthcare Services from a "neutral" rating to an "underperform" rating and cut their target price for the company from $65.00 to $48.00 in a research note on Monday, October 7th. BMO Capital Markets decreased their target price on AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Truist Financial dropped their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Finally, JMP Securities dropped their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating on the stock in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $48.33.

Insider Buying and Selling

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business's stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares of the company's stock, valued at approximately $1,385,595. The trade was a 6.15 % 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. 0.93% of the stock is currently owned by company insiders.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock traded up $0.66 during midday trading on Thursday, hitting $26.17. The stock had a trading volume of 451,318 shares, compared to its average volume of 684,432. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. AMN Healthcare Services, Inc. has a 52-week low of $22.47 and a 52-week high of $79.74. The company has a market capitalization of $996.41 million, a PE ratio of 18.97 and a beta of 0.05. The firm's fifty day moving average is $25.96 and its two-hundred day moving average is $40.74.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $687.51 million for the quarter, compared to analysts' expectations of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter in the previous year, the company earned $1.97 EPS. On average, research analysts forecast that AMN Healthcare Services, Inc. will post 3.07 EPS for the current year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.