Russell Investments Group Ltd. Has $10.76 Million Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Russell Investments Group Ltd. increased its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 18.4% in the 4th quarter, Holdings Channel reports. The firm owned 143,624 shares of the company’s stock after purchasing an additional 22,308 shares during the period. Russell Investments Group Ltd.’s holdings in AMN Healthcare Services were worth $10,755,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in AMN Healthcare Services in the 4th quarter worth approximately $31,000. QRG Capital Management Inc. bought a new stake in AMN Healthcare Services in the third quarter valued at $211,000. Quantbot Technologies LP bought a new stake in AMN Healthcare Services in the third quarter valued at $240,000. Belpointe Asset Management LLC grew its position in AMN Healthcare Services by 7.3% in the third 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 during the period. Finally, NBC Securities Inc. bought a new stake in AMN Healthcare Services in the third quarter valued at $296,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN opened at $59.53 on Monday. The business has a fifty day moving average of $59.15 and a 200-day moving average of $66.96. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $2.26 billion, a PE ratio of 11.25 and a beta of 0.22. AMN Healthcare Services, Inc. has a twelve month low of $53.77 and a twelve month high of $112.44.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $818.27 million during the quarter, compared to analyst estimates of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company’s revenue was down 27.3% on a year-over-year basis. During the same period last year, the company earned $2.48 earnings per share. On average, equities research analysts predict that AMN Healthcare Services, Inc. will post 3.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jorge A. Caballero acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the transaction, the director now directly owns 2,437 shares in the company, valued at $138,421.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Jorge A. Caballero bought 2,000 shares of AMN Healthcare Services stock in a transaction 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 completion of the acquisition, the director now owns 2,437 shares in the company, valued at $138,421.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey R. Knudson bought 6,951 shares of AMN Healthcare Services stock in a transaction on Wednesday, February 28th. The shares were bought 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 disclosure for this purchase can be found here. Insiders bought a total of 26,626 shares of company stock worth $1,516,899 over the last three months. 0.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMN. BMO Capital Markets lowered their price target on 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. Truist Financial lowered their price target on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. JMP Securities decreased their target price on 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. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Thursday. Finally, StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.