Segall Bryant & Hamill LLC Takes Position in AMN Healthcare Services Inc $AMN

Segall Bryant & Hamill LLC purchased a new position in AMN Healthcare Services Inc (NYSE:AMN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,833 shares of the company’s stock, valued at approximately $382,000. Segall Bryant & Hamill LLC owned approximately 0.05% of AMN Healthcare Services as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in AMN Healthcare Services by 55.8% in the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock worth $31,614,000 after acquiring an additional 718,048 shares in the last quarter. State Street Corp increased its stake in shares of AMN Healthcare Services by 1.8% in the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after acquiring an additional 28,479 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after buying an additional 1,300,005 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of AMN Healthcare Services by 50.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after purchasing an additional 463,100 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of AMN Healthcare Services by 7,583.1% during the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after acquiring an additional 1,021,672 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMN. Robert W. Baird lifted their price target on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. UBS Group increased their target price on AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Zacks Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Citizens Jmp reaffirmed a “market outperform” rating and set a $36.00 price objective on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Finally, Truist Financial lifted their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the stock 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, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus price target of $29.00.

Insider Buying and Selling at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. This represents a 17.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by corporate insiders.

AMN Healthcare Services Trading Down 7.0%

Shares of AMN stock opened at $30.50 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of -35.06, a price-to-earnings-growth ratio of 0.75 and a beta of 0.40. AMN Healthcare Services Inc has a 1 year low of $14.86 and a 1 year 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 stock has a 50 day simple moving average of $32.37 and a 200 day simple moving average of $25.01.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. On average, research analysts predict that AMN Healthcare Services Inc will post 2.7 earnings per share for the current fiscal year.

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.