Algert Global LLC Purchases New Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Algert Global LLC purchased a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,513 shares of the company’s stock, valued at approximately $729,000.

Other hedge funds also recently made changes to their positions in the company. Alpha DNA Investment Management LLC boosted its stake in AMN Healthcare Services by 92.5% in the second quarter. Alpha DNA Investment Management LLC now owns 15,516 shares of the company’s stock worth $1,504,000 after purchasing an additional 7,454 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of AMN Healthcare Services in the first quarter worth about $1,568,000. Fulcrum Equity Management bought a new stake in shares of AMN Healthcare Services in the second quarter worth about $1,868,000. Holocene Advisors LP increased its holdings in shares of AMN Healthcare Services by 72.8% in the first quarter. Holocene Advisors LP now owns 12,122 shares of the company’s stock worth $893,000 after acquiring an additional 5,108 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of AMN Healthcare Services by 9.0% in the first quarter. Ameriprise Financial Inc. now owns 380,362 shares of the company’s stock worth $28,033,000 after acquiring an additional 31,547 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on AMN. BMO Capital Markets increased their price objective on AMN Healthcare Services from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, August 9th. Truist increased their price objective on AMN Healthcare Services from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, August 31st. Truist Securities increased their price objective on AMN Healthcare Services from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, August 31st. Finally, Credit Suisse Group increased their price objective on AMN Healthcare Services from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, August 10th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $113.00.

NYSE AMN traded down $1.35 during trading hours on Thursday, hitting $114.47. 8,931 shares of the company traded hands, compared to its average volume of 309,521. The business’s 50-day moving average is $112.23 and its 200-day moving average is $97.33. AMN Healthcare Services, Inc. has a twelve month low of $58.48 and a twelve month high of $123.73. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 1.87 and a beta of 0.39.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.43 by $0.21. AMN Healthcare Services had a return on equity of 28.32% and a net margin of 5.90%. The firm had revenue of $857.45 million during the quarter, compared to analysts’ expectations of $829.37 million. During the same period in the prior year, the firm posted $0.83 earnings per share. Analysts predict that AMN Healthcare Services, Inc. will post 5.8 EPS for the current year.

In other news, insider Denise L. Jackson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 16th. The stock was sold at an average price of $111.68, for a total transaction of $223,360.00. Following the transaction, the insider now owns 15,752 shares in the company, valued at $1,759,183.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian M. Scott sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 21st. The stock was sold at an average price of $100.00, for a total value of $500,000.00. Following the transaction, the chief financial officer now owns 35,351 shares in the company, valued at approximately $3,535,100. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock valued at $836,810 over the last three months. Insiders own 0.98% of the company’s stock.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The firm operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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