AMN Healthcare Services Inc $AMN Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its holdings in AMN Healthcare Services Inc (NYSE:AMN) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 353,449 shares of the company’s stock after selling 24,645 shares during the period. Pacer Advisors Inc. owned about 0.92% of AMN Healthcare Services worth $5,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in AMN Healthcare Services by 1.5% in the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after purchasing an additional 2,784 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of AMN Healthcare Services by 54.2% during the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after purchasing an additional 34,465 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of AMN Healthcare Services in the first quarter worth about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after buying an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of AMN Healthcare Services by 13.7% in the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after buying an additional 51,737 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMN. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. Truist Financial increased their price objective on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Citizens Jmp lifted their price objective on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, February 23rd. Robert W. Baird upped their target price on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Four 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.29.

AMN Healthcare Services Trading Down 1.9%

NYSE:AMN opened at $30.40 on Tuesday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -34.94, a price-to-earnings-growth ratio of 0.71 and a beta of 0.44. AMN Healthcare Services Inc has a one year low of $14.86 and a one year high of $33.13. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50-day simple moving average is $26.24 and its 200 day simple moving average is $21.06.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $0.45 EPS. AMN Healthcare Services’s quarterly revenue was up 99.9% on a year-over-year basis. As a group, sell-side analysts predict that AMN Healthcare Services Inc will post 2.7 earnings per share 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 that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the sale, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.07% of the company’s stock.

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.