Legal & General Group Plc Takes $3.02 Million Position in AMN Healthcare Services Inc $AMN

Legal & General Group Plc acquired a new position in shares of AMN Healthcare Services Inc (NYSE:AMN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 93,326 shares of the company’s stock, valued at approximately $3,021,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in AMN Healthcare Services by 41.8% in the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after buying an additional 345 shares during the last quarter. Allworth Financial LP acquired a new position in shares of AMN Healthcare Services in the 2nd quarter worth approximately $65,000. Summit Securities Group LLC acquired a new stake in shares of AMN Healthcare Services during the 4th quarter valued at $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. purchased a new position in shares of AMN Healthcare Services in the third quarter worth approximately $63,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by company insiders.

AMN Healthcare Services Stock Up 1.2%

Shares of NYSE:AMN opened at $33.80 on Friday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.15 and a beta of 0.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00. AMN Healthcare Services Inc has a 12-month low of $14.97 and a 12-month high of $37.22. The stock has a fifty day simple moving average of $33.80 and a two-hundred day simple moving average of $27.10.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $628.39 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts anticipate that AMN Healthcare Services Inc will post 3.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. Robert W. Baird set a $36.00 price target on shares of AMN Healthcare Services in a research report on Friday, August 7th. BMO Capital Markets boosted their target price on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Truist Financial boosted their price objective 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. Finally, Weiss Ratings upgraded AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and a consensus target price of $31.43.

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.