AMN Healthcare Services Inc $AMN Position Lowered by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in AMN Healthcare Services Inc (NYSE:AMN) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 353,449 shares of the company’s stock after selling 24,645 shares during the period. Pacer Advisors Inc.’s holdings in AMN Healthcare Services were worth $5,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in AMN Healthcare Services by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,388,431 shares of the company’s stock worth $84,960,000 after buying an additional 16,315 shares during the last quarter. Millennium Management LLC increased its holdings in shares of AMN Healthcare Services by 55.8% in the 4th quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock valued at $31,614,000 after acquiring an additional 718,048 shares during the last quarter. State Street Corp raised its position in shares of AMN Healthcare Services by 1.8% during the 4th quarter. State Street Corp now owns 1,624,935 shares of the company’s stock valued at $25,609,000 after acquiring an additional 28,479 shares in the last quarter. Boston Partners lifted its stake in AMN Healthcare Services by 7,583.1% during the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock worth $16,313,000 after purchasing an additional 1,021,672 shares during the last quarter. Finally, Woodline Partners LP bought a new position in AMN Healthcare Services during the third quarter worth $19,176,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling at AMN Healthcare Services

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMN shares. Robert W. Baird lifted their price objective on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. BMO Capital Markets lifted their price target 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. Truist Financial increased their price objective on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Citizens Jmp raised their target price on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus price target of $25.29.

AMN Healthcare Services Price Performance

Shares of AMN opened at $30.40 on Tuesday. AMN Healthcare Services Inc has a 12 month low of $14.86 and a 12 month high of $33.13. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day moving average price of $26.24 and a 200 day moving average price of $21.06. The company has a market cap of $1.18 billion, a P/E ratio of -34.94, a PEG ratio of 0.71 and a beta of 0.44.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 99.9% compared to the same quarter last year. On average, research analysts forecast 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.