Envestnet Asset Management Inc. Grows Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Envestnet Asset Management Inc. increased its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 263.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 353,968 shares of the company’s stock after acquiring an additional 256,584 shares during the quarter. Envestnet Asset Management Inc. owned about 0.88% of AMN Healthcare Services worth $8,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC grew its holdings in AMN Healthcare Services by 26.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,191 shares of the company’s stock valued at $333,000 after buying an additional 670 shares in the last quarter. Private Advisor Group LLC purchased a new stake in AMN Healthcare Services during the 1st quarter valued at approximately $526,000. MetLife Investment Management LLC grew its holdings in AMN Healthcare Services by 55.3% during the 1st quarter. MetLife Investment Management LLC now owns 25,124 shares of the company’s stock valued at $2,621,000 after buying an additional 8,945 shares in the last quarter. Rhumbline Advisers grew its holdings in AMN Healthcare Services by 7.5% during the 1st quarter. Rhumbline Advisers now owns 115,955 shares of the company’s stock valued at $12,098,000 after buying an additional 8,046 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in AMN Healthcare Services by 7.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 44,349 shares of the company’s stock valued at $4,762,000 after buying an additional 3,137 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AMN Healthcare Services

In other news, Director Daphne E. Jones sold 1,000 shares of AMN Healthcare Services stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $109.57, for a total transaction of $109,570.00. Following the completion of the sale, the director now directly owns 7,799 shares in the company, valued at $854,536.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMN. Credit Suisse Group cut their price objective on shares of AMN Healthcare Services from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, August 4th. StockNews.com initiated coverage on AMN Healthcare Services in a research report on Thursday, August 17th. They set a “hold” rating for the company. Bank of America downgraded AMN Healthcare Services from a “buy” rating to a “neutral” rating and lowered their target price for the company from $112.00 to $104.00 in a research report on Friday, August 4th. BMO Capital Markets lowered their target price on AMN Healthcare Services from $114.00 to $106.00 and set an “outperform” rating for the company in a research report on Monday, August 7th. Finally, Truist Financial increased their target price on AMN Healthcare Services from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.17.

AMN Healthcare Services Stock Down 0.4 %

Shares of AMN opened at $86.62 on Thursday. The company has a market cap of $3.29 billion, a PE ratio of 11.47, a P/E/G ratio of 3.26 and a beta of 0.41. The business has a fifty day moving average of $98.91 and a 200 day moving average of $94.49. AMN Healthcare Services, Inc. has a 52-week low of $81.15 and a 52-week high of $129.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.35.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.24. The company had revenue of $991.30 million during the quarter, compared to the consensus estimate of $988.32 million. AMN Healthcare Services had a return on equity of 42.90% and a net margin of 7.29%. AMN Healthcare Services’s revenue was down 30.5% on a year-over-year basis. During the same period last year, the company earned $3.31 earnings per share. On average, sell-side analysts expect that AMN Healthcare Services, Inc. will post 8.08 EPS for the current year.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.