GAMMA Investing LLC Invests $31,000 in AMN Healthcare Services, Inc. (NYSE:AMN)

GAMMA Investing LLC bought a new stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) in the 4th quarter, HoldingsChannel.com reports. The firm bought 415 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AMN. QRG Capital Management Inc. purchased a new stake in AMN Healthcare Services during the third quarter valued at about $211,000. Quantbot Technologies LP acquired a new stake in shares of AMN Healthcare Services during the third quarter valued at approximately $240,000. Belpointe Asset Management LLC lifted its position in shares of AMN Healthcare Services by 7.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 3,219 shares of the company’s stock valued at $274,000 after acquiring an additional 218 shares in the last quarter. NBC Securities Inc. acquired a new position in AMN Healthcare Services in the 3rd quarter worth approximately $296,000. Finally, Pathstone Family Office LLC grew its position in AMN Healthcare Services by 53.6% during the 3rd quarter. Pathstone Family Office LLC now owns 4,284 shares of the company’s stock worth $365,000 after purchasing an additional 1,495 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity

In related news, CEO Caroline Grace bought 17,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the transaction, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Jorge A. Caballero bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased 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 purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Caroline Grace bought 17,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the transaction, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 26,626 shares of company stock valued at $1,516,899. Insiders own 0.93% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN stock opened at $59.53 on Monday. The firm has a 50 day moving average of $59.15 and a two-hundred day moving average of $66.96. AMN Healthcare Services, Inc. has a 12 month low of $53.77 and a 12 month high of $112.44. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 11.25 and a beta of 0.22. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data 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 net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $818.27 million during the quarter, compared to analysts’ expectations of $803.14 million. During the same period in the prior year, the company posted $2.48 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Thursday. JMP Securities decreased 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. BMO Capital Markets lowered their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Truist Financial dropped their price objective on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.86.

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.