VELA Investment Management LLC grew its stake in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 142.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,548 shares of the company's stock after acquiring an additional 17,358 shares during the period. VELA Investment Management LLC owned 0.08% of AMN Healthcare Services worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock worth $38,000 after buying an additional 219 shares during the last quarter. Arizona State Retirement System raised its stake in shares of AMN Healthcare Services by 2.1% during the second quarter. Arizona State Retirement System now owns 10,606 shares of the company's stock worth $543,000 after buying an additional 221 shares during the last quarter. Pitcairn Co. raised its stake in shares of AMN Healthcare Services by 4.2% during the first quarter. Pitcairn Co. now owns 6,138 shares of the company's stock worth $384,000 after buying an additional 249 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of AMN Healthcare Services by 3.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company's stock worth $345,000 after buying an additional 252 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in shares of AMN Healthcare Services by 4.1% during the second quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company's stock worth $360,000 after buying an additional 278 shares during the last quarter. 99.23% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on AMN. JMP Securities dropped their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating for the company in a research note on Tuesday, October 22nd. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. Truist Financial lowered their target price on shares of AMN Healthcare Services from $70.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, October 21st. Finally, BMO Capital Markets upped their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $60.17.
Get Our Latest Report on AMN
AMN Healthcare Services Stock Down 2.7 %
Shares of AMN Healthcare Services stock traded down $1.04 on Friday, hitting $36.90. The company had a trading volume of 735,637 shares, compared to its average volume of 795,193. The firm has a market capitalization of $1.40 billion, a P/E ratio of 14.25 and a beta of 0.11. AMN Healthcare Services, Inc. has a twelve month low of $36.50 and a twelve month high of $80.22. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a 50-day moving average of $43.63 and a 200-day moving average of $51.69.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analysts' expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business's quarterly revenue was down 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.38 earnings per share. Research analysts predict that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current year.
About AMN Healthcare Services
(
Free Report)
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.
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