GSA Capital Partners LLP Purchases New Holdings in AMN Healthcare Services Inc $AMN

Key Points

• GSA Capital Partners acquired 40,841 AMN Healthcare shares worth approximately $1.32 million in the second quarter, while institutional investors collectively owned 99.23% of the company.
• AMN reported quarterly revenue of $673.24 million and earnings of $0.77 per share, substantially exceeding analysts’ estimates of $628.39 million and $0.19, respectively; revenue increased 2.3% year over year.
• Analyst sentiment remains mixed, with four Buy, three Hold, and two Sell ratings. The stock carries an average “Hold” rating and a $31.43 price target, below its reported opening price of $34.46.

GSA Capital Partners LLP acquired a new position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,841 shares of the company's stock, valued at approximately $1,322,000. GSA Capital Partners LLP owned about 0.11% of AMN Healthcare Services at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMN. Royal Bank of Canada raised its holdings in shares of AMN Healthcare Services by 1.5% in the first quarter. Royal Bank of Canada now owns 194,366 shares of the company's stock worth $4,753,000 after buying an additional 2,784 shares during the period. AQR Capital Management LLC boosted its holdings in AMN Healthcare Services by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company's stock valued at $2,398,000 after acquiring an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in AMN Healthcare Services during the 1st quarter valued at $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in AMN Healthcare Services by 2.8% during the 1st 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 during the period. Finally, Goldman Sachs Group Inc. grew its position in AMN Healthcare Services by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company's stock valued at $10,516,000 after acquiring an additional 51,737 shares during the last quarter. Institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Trading Down 0.1%

AMN opened at $34.46 on Tuesday. The stock's fifty day moving average is $32.95 and its two-hundred day moving average is $25.74. The company has a market capitalization of $1.33 billion, a P/E ratio of 12.86, a PEG ratio of 1.27 and a beta of 0.40. AMN Healthcare Services Inc has a 52 week low of $14.97 and a 52 week high of $37.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued 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 return on equity of 19.92% and a net margin of 3.06%.The business had revenue of $673.24 million during the quarter, compared to analyst estimates of $628.39 million. During the same period in the previous year, the company posted $0.30 EPS. AMN Healthcare Services's revenue was up 2.3% on a year-over-year basis. Analysts forecast that AMN Healthcare Services Inc will post 3.1 earnings per share for the current year.

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

Analyst Ratings Changes

Several analysts have recently weighed in on AMN shares. Wall Street Zen downgraded AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research report on Monday. Weiss Ratings raised shares of AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Zacks Research cut shares of AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. BMO Capital Markets raised their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, May 11th. Finally, UBS Group lifted their price objective on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company 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 issued a Sell rating to the company. According to data from MarketBeat, AMN Healthcare Services currently 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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