First National Bank of Omaha Purchases Shares of 79,557 AMN Healthcare Services Inc $AMN

Key Points

• First National Bank of Omaha acquired 79,557 AMN Healthcare Services shares worth approximately $2.6 million, giving it a 0.21% stake. Institutional investors collectively own 99.23% of the company.
• AMN reported quarterly EPS of $0.77, far exceeding the $0.19 analyst estimate, while revenue reached $673.24 million and increased 2.3% year over year.
• AMN shares opened at $35.25, near their 12-month high of $37.22. Analysts’ average rating is “Hold,” with an average price target of $31.43, although recent targets range as high as $40.

First National Bank of Omaha acquired a new position in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,557 shares of the company's stock, valued at approximately $2,575,000. First National Bank of Omaha owned about 0.21% of AMN Healthcare Services at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock valued at $38,000 after buying an additional 345 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of AMN Healthcare Services in the 4th quarter worth about $32,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of AMN Healthcare Services by 200.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company's stock worth $47,000 after acquiring an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC lifted its position 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 acquiring an additional 1,020 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in AMN Healthcare Services in the 3rd quarter valued at about $63,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $35.25 on Thursday. The business's 50 day simple moving average is $33.15 and its 200 day simple moving average is $25.94. AMN Healthcare Services Inc has a 12 month low of $14.97 and a 12 month high of $37.22. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.27 and a beta of 0.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00.

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 (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 the consensus estimate of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. Sell-side analysts forecast that AMN Healthcare Services Inc will post 3.1 EPS for the current year.

Analyst Upgrades and Downgrades

AMN has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, May 11th. Citigroup restated an "outperform" rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Weiss Ratings upgraded AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Truist Financial lifted their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Finally, UBS Group upped their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.43.

Insider Buying and Selling at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services 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 sale, the director owned 17,917 shares of the company's stock, valued at approximately $556,681.19. This trade represents a 17.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company's stock.

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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