Fmr LLC Purchases 2,801,663 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

FMR LLC boosted its holdings in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 152.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,640,599 shares of the company's stock after buying an additional 2,801,663 shares during the period. FMR LLC owned approximately 12.19% of AMN Healthcare Services worth $196,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. bought a new stake in AMN Healthcare Services in the second quarter valued at $99,349,000. Thrivent Financial for Lutherans grew its position in AMN Healthcare Services by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company's stock valued at $54,831,000 after acquiring an additional 30,157 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company's stock valued at $46,499,000 after acquiring an additional 209,180 shares during the period. Dimensional Fund Advisors LP grew its position in AMN Healthcare Services by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company's stock valued at $53,468,000 after acquiring an additional 37,760 shares during the period. Finally, American Century Companies Inc. grew its position in AMN Healthcare Services by 95.3% in the second quarter. American Century Companies Inc. now owns 775,139 shares of the company's stock valued at $39,710,000 after acquiring an additional 378,266 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AMN. UBS Group reduced their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Truist Financial cut their price target on AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. JMP Securities cut their price target on AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating on the stock in a research note on Tuesday, October 22nd. Bank of America lowered AMN Healthcare Services from a "neutral" rating to an "underperform" rating and cut their price target for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Two equities research 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $48.33.

Insider Activity

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the business's stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the sale, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.93% of the company's stock.

AMN Healthcare Services Stock Performance

Shares of AMN traded down $0.15 during mid-day trading on Tuesday, reaching $27.45. The company's stock had a trading volume of 257,155 shares, compared to its average volume of 849,783. The stock has a market cap of $1.05 billion, a P/E ratio of 19.99 and a beta of 0.04. The business has a 50-day simple moving average of $35.27 and a two-hundred day simple moving average of $47.18. 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 1-year low of $23.37 and a 1-year high of $80.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The business had revenue of $687.51 million during the quarter, compared to analysts' expectations of $670.08 million. During the same period last year, the firm posted $1.97 EPS. As a group, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

AMN Healthcare Services Profile

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.