Great Lakes Advisors LLC Takes $2.19 Million Position in AMN Healthcare Services Inc $AMN

Great Lakes Advisors LLC acquired a new position in shares of AMN Healthcare Services Inc (NYSE:AMN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,701 shares of the company’s stock, valued at approximately $2,191,000. Great Lakes Advisors LLC owned approximately 0.17% of AMN Healthcare Services at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMN. Versant Capital Management Inc grew its stake in AMN Healthcare Services by 41.8% in the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after acquiring an additional 345 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. grew its position in shares of AMN Healthcare Services by 200.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after purchasing an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of AMN Healthcare Services during the 3rd quarter worth approximately $63,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMN has been the topic of a number of recent research reports. Wall Street Zen lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a report on Monday, August 17th. Truist Financial lifted their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. BMO Capital Markets boosted their price objective on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, August 14th. Finally, Robert W. Baird set a $36.00 price objective on shares of AMN Healthcare Services in a research note on Friday, August 7th. Four 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.43.

Insider Activity

In related news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 17,917 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $34.48 on Friday. The business’s 50-day moving average price is $33.31 and its 200 day moving average price is $26.09. 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 twelve month low of $14.97 and a twelve month high of $37.22. The company has a market capitalization of $1.34 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.40.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results 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 company had revenue of $673.24 million during the quarter, compared to analysts’ expectations of $628.39 million. During the same quarter in the previous year, the business earned $0.30 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that AMN Healthcare Services Inc will post 3.1 earnings per share for the current year.

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.