Canada Pension Plan Investment Board Buys Shares of 44,300 AMN Healthcare Services Inc $AMN

Key Points

• Canada Pension Plan Investment Board bought 44,300 AMN Healthcare shares worth approximately $1.43 million, while institutional investors collectively own 99.23% of the company.
• AMN reported quarterly EPS of $0.77, significantly beating the $0.19 analyst consensus, while revenue rose 2.3% year over year to $673.24 million.
• Analyst sentiment remains mixed: AMN has an overall “Hold” rating and an average price target of $31.43, below its reported share price of $34.23.

Canada Pension Plan Investment Board purchased a new position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 44,300 shares of the company's stock, valued at approximately $1,434,000. Canada Pension Plan Investment Board owned 0.11% of AMN Healthcare Services at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMN. BlackRock Inc. purchased a new stake in shares of AMN Healthcare Services in the 2nd quarter worth $215,047,000. Arrowstreet Capital Limited Partnership lifted its position in AMN Healthcare Services by 1,278.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company's stock valued at $25,708,000 after purchasing an additional 1,300,005 shares in the last quarter. Boston Partners lifted its position in AMN Healthcare Services by 7,583.1% during the fourth quarter. Boston Partners now owns 1,035,145 shares of the company's stock valued at $16,313,000 after purchasing an additional 1,021,672 shares in the last quarter. Woodline Partners LP purchased a new position in AMN Healthcare Services during the third quarter valued at $19,176,000. Finally, Millennium Management LLC grew its holdings in AMN Healthcare Services by 262.1% during the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company's stock valued at $24,934,000 after purchasing an additional 932,269 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Down 1.1%

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 price-to-earnings-growth ratio of 1.19 and a beta of 0.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The firm's fifty day moving average is $33.68 and its 200 day moving average is $26.71. AMN Healthcare Services Inc has a fifty-two week low of $14.97 and a fifty-two week high of $37.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.58. The business had revenue of $673.24 million during 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%.AMN Healthcare Services's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. On average, sell-side analysts forecast that AMN Healthcare Services Inc will post 3.31 earnings per share for the current fiscal year.

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 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 owned 17,917 shares of the company's stock, valued at $556,681.19. This represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AMN shares. Wall Street Zen cut AMN Healthcare Services from a "buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Citizens Jmp lifted their price objective on AMN Healthcare Services from $36.00 to $40.00 and gave the company a "market outperform" rating in a research report on Friday, August 14th. Weiss Ratings upgraded AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Zacks Research lowered shares of AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Finally, BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.43.

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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