Arizona State Retirement System Reduces Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Arizona State Retirement System trimmed its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,620 shares of the company’s stock after selling 669 shares during the period. Arizona State Retirement System’s holdings in AMN Healthcare Services were worth $795,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in AMN Healthcare Services by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,662,414 shares of the company’s stock worth $590,760,000 after acquiring an additional 59,967 shares during the last quarter. State Street Corp boosted its position in AMN Healthcare Services by 3.7% during the first quarter. State Street Corp now owns 1,555,978 shares of the company’s stock worth $162,335,000 after acquiring an additional 56,075 shares during the last quarter. Boston Partners boosted its position in AMN Healthcare Services by 27.5% during the third quarter. Boston Partners now owns 1,423,009 shares of the company’s stock worth $120,774,000 after acquiring an additional 307,183 shares during the last quarter. Pacer Advisors Inc. boosted its position in AMN Healthcare Services by 145.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after acquiring an additional 828,390 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in AMN Healthcare Services by 12.9% during the first quarter. Federated Hermes Inc. now owns 1,160,843 shares of the company’s stock worth $121,110,000 after acquiring an additional 132,587 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AMN Healthcare Services

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

Analysts Set New Price Targets

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

AMN Healthcare Services Stock Down 0.8 %

Shares of AMN opened at $56.39 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. The firm has a market cap of $2.14 billion, a PE ratio of 10.66 and a beta of 0.22. The company’s fifty day moving average is $61.50 and its two-hundred day moving average is $68.77. AMN Healthcare Services, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $112.44.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $818.27 million for the quarter, compared to analyst estimates of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.48 EPS. Analysts forecast that AMN Healthcare Services, Inc. will post 3.97 earnings per share for the current year.

About AMN Healthcare Services

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.