Legal & General Group Plc Makes New Investment in AMN Healthcare Services Inc $AMN

Legal & General Group Plc purchased a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 93,326 shares of the company's stock, valued at approximately $3,021,000. Legal & General Group Plc owned 0.24% of AMN Healthcare Services as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of AMN Healthcare Services in the 2nd quarter worth approximately $331,000. OMERS ADMINISTRATION Corp bought a new position in shares of AMN Healthcare Services in the second quarter worth approximately $275,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter worth approximately $6,047,000. Globeflex Capital L P bought a new position in AMN Healthcare Services during the 2nd quarter valued at about $282,000. Finally, Ieq Capital LLC purchased a new stake in AMN Healthcare Services in the second quarter worth $2,036,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMN shares. BMO Capital Markets raised their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, May 11th. Truist Financial increased their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. UBS Group raised their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Zacks Research cut shares of AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings raised AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Four investment 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's stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has an average rating of "Hold" and a consensus target price of $31.43.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the company's stock in a transaction on 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. This represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by corporate insiders.

AMN Healthcare Services Stock Up 1.2%

Shares of AMN stock opened at $33.80 on Friday. The firm has a market cap of $1.31 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.15 and a beta of 0.38. 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 Inc has a 12 month low of $14.97 and a 12 month high of $37.22. The stock has a 50 day moving average of $33.80 and a 200-day moving average of $27.10.

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 for the quarter, beating the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The business had revenue of $673.24 million during the quarter, compared to analysts' expectations of $628.39 million. During the same period last year, the business earned $0.30 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that AMN Healthcare Services Inc will post 3.32 EPS for the current year.

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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