Benjamin Edwards Inc. Grows Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Benjamin Edwards Inc. raised its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,361 shares of the company’s stock after acquiring an additional 288 shares during the period. Benjamin Edwards Inc.’s holdings in AMN Healthcare Services were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AMN. Hexagon Capital Partners LLC boosted its holdings in AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after acquiring an additional 147 shares during the period. GAMMA Investing LLC purchased a new position in AMN Healthcare Services during the 4th quarter worth $31,000. QRG Capital Management Inc. bought a new stake in AMN Healthcare Services during the 3rd quarter valued at $211,000. Quantbot Technologies LP bought a new stake in shares of AMN Healthcare Services in the third quarter valued at about $240,000. Finally, Belpointe Asset Management LLC raised its holdings in shares of AMN Healthcare Services by 7.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 3,219 shares of the company’s stock valued at $274,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Insider Activity at AMN Healthcare Services

In related news, CEO Caroline Grace purchased 17,500 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the transaction, the chief executive officer now directly owns 27,178 shares in the company, valued at $1,540,449.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other AMN Healthcare Services news, Director Jorge A. Caballero bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, the director now owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroline Grace acquired 17,500 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the purchase, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The disclosure for this purchase can be found here. Insiders purchased a total of 26,626 shares of company stock valued at $1,516,899 over the last ninety days. Insiders own 0.93% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN traded down $0.68 during mid-day trading on Friday, hitting $59.53. The stock had a trading volume of 433,806 shares, compared to its average volume of 625,084. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50 day moving average of $59.15 and a two-hundred day moving average of $67.06. AMN Healthcare Services, Inc. has a twelve month low of $53.77 and a twelve month high of $112.44. The firm has a market cap of $2.26 billion, a PE ratio of 11.26 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 15th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The company’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.48 earnings per share. Research analysts predict that AMN Healthcare Services, Inc. will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Truist Financial lowered their target price on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday, April 22nd. BMO Capital Markets decreased their price objective on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Thursday. JMP Securities decreased their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday, February 26th. Finally, StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.00.

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.