Mirae Asset Global Investments Co. Ltd. Has $4.11 Million Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Mirae Asset Global Investments Co. Ltd. cut its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,866 shares of the company’s stock after selling 17,993 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in AMN Healthcare Services were worth $4,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMN. Money Concepts Capital Corp acquired a new stake in AMN Healthcare Services in the fourth quarter worth about $33,000. Quarry LP increased its position in AMN Healthcare Services by 171.3% in the first quarter. Quarry LP now owns 841 shares of the company’s stock worth $70,000 after purchasing an additional 531 shares during the period. First Horizon Advisors Inc. increased its position in AMN Healthcare Services by 30.1% in the first quarter. First Horizon Advisors Inc. now owns 868 shares of the company’s stock worth $72,000 after purchasing an additional 201 shares during the period. Covestor Ltd increased its position in AMN Healthcare Services by 148.5% in the first quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $101,000 after purchasing an additional 579 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in AMN Healthcare Services in the second quarter worth about $112,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on AMN shares. BMO Capital Markets lowered their price objective on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. JMP Securities lowered their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday, February 26th. Finally, StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.25.

AMN Healthcare Services Price Performance

Shares of AMN opened at $57.06 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57. AMN Healthcare Services, Inc. has a 1 year low of $53.77 and a 1 year high of $112.44. The stock has a market cap of $2.16 billion, a P/E ratio of 10.79 and a beta of 0.22. The stock’s 50-day moving average price is $62.22 and its two-hundred day moving average price is $69.05.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The firm had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. During the same quarter last year, the business earned $2.48 earnings per share. The company’s revenue was down 27.3% compared to the same quarter last year. On average, equities analysts predict that AMN Healthcare Services, Inc. will post 3.97 earnings per share for the current year.

Insider Activity

In other AMN Healthcare Services news, Director Jorge A. Caballero acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AMN Healthcare Services news, Director Jorge A. Caballero acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey R. Knudson acquired 6,951 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $57.75 per share, for a total transaction of $401,420.25. Following the acquisition, the chief financial officer now directly owns 27,804 shares in the company, valued at $1,605,681. The disclosure for this purchase can be found here. Insiders have acquired 26,626 shares of company stock worth $1,516,899 in the last 90 days. Corporate insiders own 0.93% of the company’s stock.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to 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, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.