Hsbc Holdings PLC Purchases New Position in AMN Healthcare Services Inc $AMN

Hsbc Holdings PLC purchased a new stake in AMN Healthcare Services Inc (NYSE:AMN) in the second quarter, HoldingsChannel reports. The institutional investor purchased 46,987 shares of the company’s stock, valued at approximately $1,534,000.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after purchasing an additional 345 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $65,000. Summit Securities Group LLC purchased a new stake in shares of AMN Healthcare Services in the 4th quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its position in shares of AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after purchasing an additional 1,020 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $34.23 on Tuesday. The stock has a market capitalization of $1.33 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.19 and a beta of 0.40. AMN Healthcare Services Inc has a 52-week low of $14.97 and a 52-week high of $37.22. The stock’s 50-day moving average price is $33.68 and its 200 day moving average price is $26.71. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The firm had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. During the same period in the prior year, the business earned $0.30 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that AMN Healthcare Services Inc will post 3.31 EPS for the current year.

Insider Activity

In other news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the transaction, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The transaction 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.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of research reports. Weiss Ratings upgraded AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. Zacks Research downgraded AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Truist Financial lifted their target price on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.43.

AMN Healthcare Services Company 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.