Systematic Financial Management LP Buys 76,550 Shares of AMN Healthcare Services Inc $AMN

Systematic Financial Management LP lifted its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 25.9% in the 1st quarter, HoldingsChannel reports. The firm owned 372,464 shares of the company’s stock after buying an additional 76,550 shares during the quarter. Systematic Financial Management LP’s holdings in AMN Healthcare Services were worth $6,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in AMN Healthcare Services by 1.5% during the first quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after purchasing an additional 2,784 shares during the period. AQR Capital Management LLC raised its stake in shares of AMN Healthcare Services by 54.2% in the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock valued at $2,398,000 after buying an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of AMN Healthcare Services in the first quarter valued at $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after buying an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of AMN Healthcare Services by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after buying an additional 51,737 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Insider Activity

In related news, Director Mark G. Foletta sold 3,681 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the sale, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. This represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the subject of several research reports. UBS Group increased their price target on AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Robert W. Baird boosted their price objective on AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Finally, Truist Financial increased their target price on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus price target of $29.00.

AMN Healthcare Services Trading Down 0.6%

Shares of AMN stock opened at $32.88 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -37.79, a PEG ratio of 0.76 and a beta of 0.41. The company’s fifty day simple moving average is $31.29 and its two-hundred day simple moving average is $23.91. AMN Healthcare Services Inc has a 1 year low of $14.86 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business’s revenue for the quarter was up 99.9% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. As a group, analysts anticipate that AMN Healthcare Services Inc will post 2.7 earnings per share for the current year.

About AMN Healthcare Services

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.