Fifth Third Bancorp Increases Stake in AMN Healthcare Services Inc $AMN

Fifth Third Bancorp lifted its position in AMN Healthcare Services Inc (NYSE:AMN) by 19,555.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,528 shares of the company’s stock after acquiring an additional 15,449 shares during the quarter. Fifth Third Bancorp’s holdings in AMN Healthcare Services were worth $285,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in AMN Healthcare Services by 55.8% during the 4th quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock valued at $31,614,000 after purchasing an additional 718,048 shares during the last quarter. State Street Corp raised its position in AMN Healthcare Services by 1.8% in the 4th quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after purchasing an additional 28,479 shares during the period. Boston Partners lifted its stake in AMN Healthcare Services by 7,583.1% in 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. Woodline Partners LP bought a new stake in AMN Healthcare Services in the third quarter worth about $19,176,000. Finally, Bank of America Corp DE boosted its position in shares of AMN Healthcare Services by 11.6% during the second quarter. Bank of America Corp DE now owns 919,408 shares of the company’s stock valued at $19,004,000 after buying an additional 95,720 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AMN. Truist Financial upped their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. UBS Group boosted their price objective on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Weiss Ratings raised AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Citizens Jmp reiterated a “market outperform” rating and issued a $36.00 target price on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Finally, Zacks Research downgraded AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $29.00.

AMN Healthcare Services Price Performance

AMN opened at $33.74 on Friday. AMN Healthcare Services Inc has a 12-month low of $14.86 and a 12-month high of $36.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $31.99 and its 200-day simple moving average is $24.56. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -38.78, a PEG ratio of 0.77 and a beta of 0.41.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 99.9% on a year-over-year basis. On average, equities research analysts anticipate that AMN Healthcare Services Inc will post 2.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark G. Foletta sold 3,681 shares of the business’s 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 completion of the sale, the director owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.07% of the company’s stock.

AMN Healthcare Services Profile

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.