Louisiana State Employees Retirement System Makes New Investment in AMN Healthcare Services, Inc. (NYSE:AMN)

Louisiana State Employees Retirement System bought a new position in AMN Healthcare Services, Inc. (NYSE:AMN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 18,900 shares of the company’s stock, valued at approximately $1,415,000.

Several other large investors have also added to or reduced their stakes in AMN. Cetera Advisor Networks LLC boosted its stake in AMN Healthcare Services by 26.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,191 shares of the company’s stock worth $333,000 after purchasing an additional 670 shares during the period. Private Advisor Group LLC bought a new position in AMN Healthcare Services in the 1st quarter worth about $526,000. MetLife Investment Management LLC boosted its stake in AMN Healthcare Services by 55.3% in the 1st quarter. MetLife Investment Management LLC now owns 25,124 shares of the company’s stock worth $2,621,000 after purchasing an additional 8,945 shares during the period. Rhumbline Advisers boosted its stake in AMN Healthcare Services by 7.5% in the 1st quarter. Rhumbline Advisers now owns 115,955 shares of the company’s stock worth $12,098,000 after purchasing an additional 8,046 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of 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 acquiring an additional 3,137 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN opened at $56.95 on Friday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 10.77 and a beta of 0.22. 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’s 50-day moving average is $60.76 and its 200 day moving average is $68.49.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. AMN Healthcare Services’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period last year, the firm posted $2.48 EPS. On average, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 3.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMN. BMO Capital Markets dropped their price target 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. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Finally, JMP Securities dropped their price target 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. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.25.

Insider Activity at AMN Healthcare Services

In related news, CEO Caroline Grace purchased 17,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $56.68 per share, with a total value of $991,900.00. Following the purchase, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Caroline Grace purchased 17,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $56.68 per share, with a total value of $991,900.00. Following the purchase, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey R. Knudson purchased 6,951 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the purchase, 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. In the last three months, insiders have bought 26,626 shares of company stock valued at $1,516,899. Corporate insiders own 0.93% of the company’s stock.

AMN Healthcare Services Company 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.