Healthcare of Ontario Pension Plan Trust Fund Grows Stake in AMN Healthcare Services Inc $AMN

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 175.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 302,174 shares of the company's stock after acquiring an additional 192,510 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.78% of AMN Healthcare Services worth $5,542,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its position in AMN Healthcare Services by 1.5% during the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company's stock valued at $4,753,000 after purchasing an additional 2,784 shares during the last quarter. AQR Capital Management LLC raised its holdings in AMN Healthcare Services by 54.2% in the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company's stock worth $2,398,000 after buying an additional 34,465 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of AMN Healthcare Services in the first quarter worth approximately $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 worth $1,050,000 after buying an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of AMN Healthcare Services by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company's stock valued at $10,516,000 after buying an additional 51,737 shares during the last quarter. Institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

AMN stock opened at $34.41 on Thursday. The company has a market cap of $1.33 billion, a P/E ratio of -39.56, a price-to-earnings-growth ratio of 0.80 and a beta of 0.41. AMN Healthcare Services Inc has a 1 year low of $14.86 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09. The stock's fifty day moving average price is $31.68 and its 200-day moving average price is $24.35.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.50. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.23 billion. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.AMN Healthcare Services's revenue for the quarter was up 99.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, equities analysts forecast that AMN Healthcare Services Inc will post 2.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Weiss Ratings upgraded AMN Healthcare Services from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, June 17th. Citizens Jmp reissued a "market outperform" rating and issued a $36.00 target price on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Truist Financial boosted their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Finally, UBS Group upped their price target on AMN Healthcare Services from $19.50 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, May 13th. 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 company's stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has an average rating of "Hold" and an average target price of $29.00.

Insider Activity

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by corporate insiders.

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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