62,899 Shares in AMN Healthcare Services Inc $AMN Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC purchased 62,899 shares of AMN Healthcare Services in the second quarter, valued at approximately $2.04 million, giving it a 0.16% stake. Institutional investors collectively own 99.23% of the company.
• AMN reported quarterly earnings of $0.77 per share, far above the $0.19 analyst consensus, while revenue reached $673.24 million and increased 2.3% year over year.
• Analyst sentiment remains mixed, with four Buy, three Hold and two Sell ratings; MarketBeat’s overall rating is Hold, with an average price target of $31.43 versus the stock’s reported $33.80 price.

Ieq Capital LLC purchased a new stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 62,899 shares of the company's stock, valued at approximately $2,036,000. Ieq Capital LLC owned approximately 0.16% of AMN Healthcare Services as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in AMN Healthcare Services by 1.5% during the first quarter. Royal Bank of Canada now owns 194,366 shares of the company's stock worth $4,753,000 after buying an additional 2,784 shares during the last quarter. AQR Capital Management LLC grew its position in shares of AMN Healthcare Services by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company's stock valued at $2,398,000 after acquiring an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of AMN Healthcare Services during the 1st quarter worth about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AMN Healthcare Services by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company's stock valued at $1,050,000 after purchasing an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in AMN Healthcare Services by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company's stock valued at $10,516,000 after purchasing an additional 51,737 shares during the last quarter. Institutional investors own 99.23% of the company's stock.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the transaction, the director directly owned 17,917 shares of the company's stock, valued at $556,681.19. The trade was a 17.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by corporate insiders.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $33.80 on Wednesday. The firm has a 50-day moving average price of $33.42 and a two-hundred day moving average price of $26.31. AMN Healthcare Services Inc has a 12-month low of $14.97 and a 12-month high of $37.22. The company has a market capitalization of $1.31 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.27 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 (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.58. The company had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts anticipate that AMN Healthcare Services Inc will post 3.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Zacks Research lowered AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Truist Financial raised their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Wall Street Zen cut shares of AMN Healthcare Services from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, UBS Group increased their price objective on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $31.43.

About AMN Healthcare Services

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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