6,643,401 Shares in AMN Healthcare Services Inc $AMN Bought by BlackRock Inc.

Key Points

• BlackRock acquired 6.64 million AMN Healthcare shares worth approximately $215 million, giving it a 17.13% stake. Institutional investors and hedge funds collectively own 99.23% of the company.
• Analyst views remain mixed: the consensus rating is Hold, with a $31.43 price target, despite Truist raising its target to $40 and maintaining a Buy rating.
• AMN reported strong quarterly results, earning $0.77 per share versus the $0.19 estimate and generating $673.24 million in revenue, up 2.3% year over year. The stock recently opened at $35.07, near its 52-week high of $37.22.

BlackRock Inc. acquired a new position in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,643,401 shares of the company's stock, valued at approximately $215,047,000. BlackRock Inc. owned 17.13% of AMN Healthcare Services as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMN. Summit Securities Group LLC acquired a new stake in shares of AMN Healthcare Services in the 4th quarter valued at approximately $32,000. Versant Capital Management Inc increased its position in AMN Healthcare Services by 41.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock worth $38,000 after purchasing an additional 345 shares in the last quarter. Johnson Financial Group Inc. bought a new position in AMN Healthcare Services in the 3rd quarter valued at approximately $63,000. Tower Research Capital LLC TRC lifted its stake in AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock valued at $64,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Strs Ohio acquired a new stake in AMN Healthcare Services in the first quarter valued at approximately $95,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on AMN. Weiss Ratings raised shares of AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Wall Street Zen cut AMN Healthcare Services from a "buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets raised their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, May 11th. Truist Financial boosted their price objective on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Finally, Citigroup reaffirmed an "outperform" rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Four investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $31.43.

AMN Healthcare Services Price Performance

AMN stock opened at $35.07 on Friday. The company has a market capitalization of $1.36 billion, a P/E ratio of 13.09, a PEG ratio of 1.26 and a beta of 0.40. The company has a fifty day moving average price of $33.53 and a 200-day moving average price of $26.51. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. AMN Healthcare Services Inc has a 52-week low of $14.97 and a 52-week high of $37.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The business had revenue of $673.24 million for the quarter, compared to analysts' expectations of $628.39 million. During the same period in the prior year, the business posted $0.30 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. As a group, equities analysts expect that AMN Healthcare Services Inc will post 3.1 EPS for the current year.

Insider Buying and Selling at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company's stock.

AMN Healthcare Services Company 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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