Sei Investments Co. Acquires 34,925 Shares of AMN Healthcare Services Inc $AMN

Sei Investments Co. raised its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 204.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 51,984 shares of the company’s stock after purchasing an additional 34,925 shares during the period. Sei Investments Co. owned 0.13% of AMN Healthcare Services worth $953,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Boston Partners lifted its position in shares of AMN Healthcare Services by 7,583.1% in the 4th 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 period. Woodline Partners LP bought a new position in shares of AMN Healthcare Services during the third quarter valued at approximately $19,176,000. Millennium Management LLC increased its holdings in AMN Healthcare Services by 262.1% during the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after buying an additional 932,269 shares during the period. Qube Research & Technologies Ltd increased its holdings in AMN Healthcare Services by 165.8% during the second quarter. Qube Research & Technologies Ltd now owns 370,444 shares of the company’s stock valued at $7,657,000 after buying an additional 231,079 shares during the period. Finally, Burney Co. purchased a new position in AMN Healthcare Services during the first quarter valued at approximately $4,152,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 2.3%

NYSE AMN opened at $32.34 on Thursday. AMN Healthcare Services Inc has a 52 week low of $14.97 and a 52 week high of $37.22. The company has a 50 day moving average price of $32.75 and a 200 day moving average price of $25.44. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The firm has a market cap of $1.25 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The company had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. During the same period last year, the firm earned $0.30 earnings per share. AMN Healthcare Services’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that AMN Healthcare Services Inc will post 3.1 EPS for the current fiscal year.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 17,917 shares of the company’s stock, valued at $556,681.19. This trade represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AMN. Weiss Ratings upgraded AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday. Citizens Jmp reiterated a “market outperform” rating and issued a $36.00 price target on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research report on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Finally, Wall Street Zen raised AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.86.

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.