Louisiana State Employees Retirement System Makes New $1.42 Million Investment in AMN Healthcare Services, Inc. (NYSE:AMN)

Louisiana State Employees Retirement System bought a new position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,900 shares of the company's stock, valued at approximately $1,415,000. Louisiana State Employees Retirement System owned about 0.05% of AMN Healthcare Services as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Money Concepts Capital Corp purchased a new stake in shares of AMN Healthcare Services during the 4th quarter valued at about $33,000. Quarry LP increased its position in shares of AMN Healthcare Services by 171.3% during the 1st quarter. Quarry LP now owns 841 shares of the company's stock valued at $70,000 after purchasing an additional 531 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of AMN Healthcare Services by 30.1% during the 1st quarter. First Horizon Advisors Inc. now owns 868 shares of the company's stock valued at $72,000 after purchasing an additional 201 shares during the last quarter. Covestor Ltd increased its position in shares of AMN Healthcare Services by 148.5% during the 1st quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $101,000 after purchasing an additional 579 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at about $112,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN traded up $0.65 during mid-day trading on Friday, reaching $56.95. 430,801 shares of the company traded hands, compared to its average volume of 674,230. AMN Healthcare Services, Inc. has a 52 week low of $53.77 and a 52 week high of $112.44. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $2.16 billion, a PE ratio of 10.77 and a beta of 0.22. The company's 50 day moving average price is $60.76 and its 200-day moving average price is $68.38.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The business had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period in the prior year, the company posted $2.48 EPS. The firm's revenue for the quarter was down 27.3% compared to the same quarter last year. On average, equities analysts expect that AMN Healthcare Services, Inc. will post 3.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of AMN Healthcare Services from $85.00 to $83.00 and set an "outperform" rating for the company in a research report on Tuesday, February 20th. JMP Securities reduced their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a "market outperform" rating for the company in a research report on Monday, February 26th. Finally, StockNews.com downgraded AMN Healthcare Services from a "hold" rating to a "sell" rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AMN Healthcare Services has a consensus rating of "Hold" and a consensus target price of $87.25.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Jorge A. Caballero purchased 2,000 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the purchase, the director now directly owns 2,437 shares of the company's stock, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Caroline Grace bought 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the transaction, the chief executive officer now owns 27,178 shares of the company's stock, valued at $1,540,449.04. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jorge A. Caballero bought 2,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $56.80 per share, with a total value of $113,600.00. Following the completion of the transaction, the director now directly owns 2,437 shares in the company, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Insiders acquired 26,626 shares of company stock worth $1,516,899 in the last three months. 0.93% of the stock is owned by company insiders.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.