168,798 Shares in AMN Healthcare Services Inc $AMN Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 168,798 AMN Healthcare shares worth approximately $5.46 million, giving it a 0.44% stake. Institutional investors collectively own 99.23% of the company.
• Analyst sentiment remains mixed: AMN has an average “Hold” rating and a consensus price target of $31.43, despite recent upgrades from Truist Financial and Citizens JMP to “Buy” or “Market Outperform.”
• AMN reported quarterly EPS of $0.77, beating estimates by $0.58, while revenue reached $673.24 million and rose 2.3% year over year. Shares opened at $34.23, near the upper end of their 12-month range.

Empowered Funds LLC acquired a new position in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 168,798 shares of the company's stock, valued at approximately $5,464,000. Empowered Funds LLC owned approximately 0.44% of AMN Healthcare Services at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock valued at $38,000 after purchasing an additional 345 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock worth $64,000 after buying an additional 1,020 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company's stock worth $1,050,000 after buying an additional 1,153 shares during the last quarter. Swiss National Bank lifted its stake in shares of AMN Healthcare Services by 1.9% in the fourth quarter. Swiss National Bank now owns 75,600 shares of the company's stock worth $1,191,000 after buying an additional 1,400 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of AMN Healthcare Services by 11.0% during the 3rd quarter. Creative Planning now owns 14,664 shares of the company's stock worth $284,000 after buying an additional 1,451 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMN shares. Weiss Ratings raised shares of AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. BMO Capital Markets boosted their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, May 11th. Truist Financial boosted their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a report on Friday, August 7th. Finally, Citizens Jmp lifted their price objective on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.43.

Insider Buying and Selling at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the sale, the director owned 17,917 shares of the company's stock, valued at approximately $556,681.19. This represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company's stock.

AMN Healthcare Services Stock Down 1.1%

Shares of AMN opened at $34.23 on Tuesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.19 and a beta of 0.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. AMN Healthcare Services Inc has a 12 month low of $14.97 and a 12 month high of $37.22. The company has a 50-day moving average price of $33.68 and a two-hundred day moving average price of $26.71.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.58. The company had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The company's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Equities analysts predict that AMN Healthcare Services Inc will post 3.31 EPS for the current fiscal year.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc NYSE: AMN is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.

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