Greenwood Capital Associates LLC Acquires Shares of 16,401 AMN Healthcare Services Inc $AMN

Greenwood Capital Associates LLC bought a new stake in AMN Healthcare Services Inc (NYSE:AMN) during the 1st quarter, Holdings Channel reports. The institutional investor bought 16,401 shares of the company’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in 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 acquiring an additional 1,020 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in AMN Healthcare Services by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after acquiring an additional 1,153 shares during the period. Swiss National Bank lifted its holdings in shares of AMN Healthcare Services by 1.9% during the fourth quarter. Swiss National Bank now owns 75,600 shares of the company’s stock worth $1,191,000 after purchasing an additional 1,400 shares during the period. Creative Planning boosted its holdings in shares of AMN Healthcare Services by 11.0% in the third quarter. Creative Planning now owns 14,664 shares of the company’s stock valued at $284,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in AMN Healthcare Services by 6.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 29,339 shares of the company’s stock valued at $606,000 after purchasing an additional 1,679 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling at AMN Healthcare Services

In related 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 sale, the director 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 sale 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. Insiders own 1.07% of the company’s stock.

AMN Healthcare Services Stock Up 2.9%

NYSE AMN opened at $32.46 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of -37.31, a P/E/G ratio of 0.72 and a beta of 0.41. The business has a 50 day moving average price of $29.84 and a two-hundred day moving average price of $22.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. AMN Healthcare Services Inc has a fifty-two week low of $14.86 and a fifty-two week high of $36.27.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results 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. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The business’s revenue was up 99.9% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. As a group, sell-side analysts predict that AMN Healthcare Services Inc will post 2.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citizens Jmp restated a “market outperform” rating and set a $36.00 target price on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd. Weiss Ratings raised AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Robert W. Baird upped their target price on 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, Truist Financial increased their price target on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. 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 company’s stock. Based on data from MarketBeat, AMN Healthcare Services has an average rating of “Hold” and an average target price of $27.00.

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.