Bank of America Corp DE Acquires 48,501 Shares of AMN Healthcare Services Inc $AMN

Bank of America Corp DE lifted its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 9.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 587,369 shares of the company's stock after buying an additional 48,501 shares during the period. Bank of America Corp DE owned about 1.51% of AMN Healthcare Services worth $10,772,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AMN. Sei Investments Co. boosted its position in AMN Healthcare Services by 204.7% in the first quarter. Sei Investments Co. now owns 51,984 shares of the company's stock valued at $953,000 after buying an additional 34,925 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of AMN Healthcare Services by 248.8% during the first quarter. Quantinno Capital Management LP now owns 54,938 shares of the company's stock worth $1,008,000 after buying an additional 39,187 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of AMN Healthcare Services by 411.6% during the first quarter. Empowered Funds LLC now owns 268,007 shares of the company's stock worth $4,915,000 after buying an additional 215,623 shares in the last quarter. Burney Co. acquired a new position in shares of AMN Healthcare Services during the first quarter worth $4,152,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company's stock valued at $25,708,000 after acquiring an additional 1,300,005 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of recent research reports. BMO Capital Markets lifted 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. UBS Group upped their price objective on AMN Healthcare Services from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Citigroup reiterated an "outperform" rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Truist Financial boosted their target price on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Finally, Citizens Jmp raised their price target on shares of AMN Healthcare Services from $36.00 to $40.00 and gave the company a "market outperform" rating in a research note 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. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of "Hold" and a consensus price target of $31.43.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $34.48 on Monday. The stock's 50 day moving average is $33.31 and its 200 day moving average is $26.13. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $1.34 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.27 and a beta of 0.40. AMN Healthcare Services Inc has a one year low of $14.97 and a one year high of $37.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its 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. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The business had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts expect that AMN Healthcare Services Inc will post 3.1 EPS for the current year.

Insider Buying and Selling

In other news, Director Mark G. Foletta sold 3,681 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.07% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source