Corient Private Wealth LP Buys 62,294 Shares of AMN Healthcare Services Inc $AMN

Key Points

• Corient Private Wealth increased its AMN Healthcare Services stake by 159.2%, acquiring 62,294 additional shares to own 101,418 shares valued at approximately $3.28 million. Institutional investors collectively hold 99.23% of the company’s stock.
• Analysts maintain a generally positive outlook, with AMN receiving a consensus “Moderate Buy” rating and a $36 price target. Recent targets from Citizens JMP and BMO Capital Markets rose to $40.
• AMN exceeded quarterly expectations, reporting $0.77 earnings per share versus the $0.19 consensus estimate and revenue of $673.24 million, up 2.3% year over year.

Corient Private Wealth LP lifted its stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 159.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,418 shares of the company's stock after acquiring an additional 62,294 shares during the quarter. Corient Private Wealth LP owned approximately 0.26% of AMN Healthcare Services worth $3,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMN. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in AMN Healthcare Services during the 2nd quarter valued at $379,000. Greenwood Capital Associates LLC lifted its position in shares of AMN Healthcare Services by 7.8% during the second quarter. Greenwood Capital Associates LLC now owns 17,686 shares of the company's stock valued at $572,000 after buying an additional 1,285 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $1,534,000. Empowered Funds LLC bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $5,464,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $174,000. Institutional investors own 99.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on AMN shares. Robert W. Baird set a $36.00 price objective on shares of AMN Healthcare Services in a research note on Friday, August 7th. Weiss Ratings upgraded shares of AMN Healthcare Services from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday. Citizens Jmp lifted their price target on shares of AMN Healthcare Services from $36.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, August 14th. Citigroup reaffirmed an "outperform" rating on shares of AMN Healthcare Services in a research report on Friday, August 14th. Finally, BMO Capital Markets increased their price objective on AMN Healthcare Services from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, September 11th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, AMN Healthcare Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

AMN Healthcare Services Price Performance

Shares of AMN opened at $34.11 on Monday. 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 company's fifty day moving average price is $33.94 and its 200-day moving average price is $28.23. AMN Healthcare Services Inc has a 1-year low of $14.97 and a 1-year high of $37.22. The firm has a market capitalization of $1.32 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.18 and a beta of 0.38.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results 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. 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 the consensus estimate of $628.39 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company's quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that AMN Healthcare Services Inc will post 3.32 EPS for the current year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals, health systems, medical groups, government agencies and other healthcare organizations. Its services are designed to help clients address workforce shortages, manage changing staffing needs and support the delivery of patient care.

The company's offerings include travel and temporary nurse staffing, allied healthcare staffing, physician and advanced-practice professional staffing, and permanent placement services.

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