Corient Private Wealth LP Invests $3.15 Million in AMN Healthcare Services Inc $AMN

Key Points

• Corient Private Wealth acquired 97,303 AMN Healthcare shares worth approximately $3.15 million, representing about 0.25% of the company. Institutional investors collectively own 99.23% of AMN’s outstanding stock.
• AMN reported quarterly EPS of $0.77, beating analyst expectations of $0.19, while revenue rose 2.3% year over year to $673.24 million. Analysts project full-year EPS of $3.31.
• AMN shares opened at $33.42, within a 52-week range of $14.97 to $37.22. Analyst sentiment remains mixed, with an average “Hold” rating and a consensus price target of $31.43.

Corient Private Wealth LP bought a new stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 97,303 shares of the company's stock, valued at approximately $3,150,000. Corient Private Wealth LP owned approximately 0.25% of AMN Healthcare Services at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc raised its stake 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 acquiring an additional 345 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock valued at $64,000 after acquiring an additional 1,020 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company's stock valued at $1,050,000 after acquiring an additional 1,153 shares in the last quarter. Swiss National Bank grew its holdings in shares of AMN Healthcare Services by 1.9% during the fourth quarter. Swiss National Bank now owns 75,600 shares of the company's stock worth $1,191,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of AMN Healthcare Services by 11.0% during the third quarter. Creative Planning now owns 14,664 shares of the company's stock worth $284,000 after purchasing an additional 1,451 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares in the company, valued at approximately $556,681.19. This represents a 17.04% decrease in their position. The sale 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 Stock Performance

Shares of AMN stock opened at $33.42 on Wednesday. The stock's 50-day moving average price is $33.73 and its 200 day moving average price is $26.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.29 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.18 and a beta of 0.38. 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $673.24 million during the quarter, compared to analysts' expectations of $628.39 million. During the same period last year, the firm earned $0.30 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that AMN Healthcare Services Inc will post 3.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMN has been the topic of a number of research analyst reports. Wall Street Zen cut AMN Healthcare Services from a "buy" rating to a "hold" rating in a research report on Tuesday, August 25th. BMO Capital Markets raised their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, May 11th. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research report on Friday, August 7th. Truist Financial boosted their price objective on AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Finally, UBS Group increased their price objective on AMN Healthcare Services from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Four 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 data from MarketBeat.com, AMN Healthcare Services presently has an average rating of "Hold" and an average price target 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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