Renaissance Technologies LLC raised its stake in shares of AMN Healthcare Services Inc (NYSE:AMN – Free Report) by 50.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,376,341 shares of the company’s stock after purchasing an additional 463,100 shares during the quarter. Renaissance Technologies LLC’s holdings in AMN Healthcare Services were worth $25,242,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in AMN. FourThought Financial Partners LLC bought a new position in AMN Healthcare Services during the fourth quarter valued at about $293,000. Burney Co. bought a new stake in shares of AMN Healthcare Services in the 1st quarter worth approximately $4,152,000. Counterpoint Mutual Funds LLC lifted its position in shares of AMN Healthcare Services by 18.9% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 275,995 shares of the company’s stock worth $5,062,000 after acquiring an additional 43,867 shares during the period. Systematic Financial Management LP grew its holdings in shares of AMN Healthcare Services by 25.9% during the 1st quarter. Systematic Financial Management LP now owns 372,464 shares of the company’s stock worth $6,831,000 after purchasing an additional 76,550 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of AMN Healthcare Services by 13.6% during the 4th quarter. Royce & Associates LP now owns 460,193 shares of the company’s stock worth $7,253,000 after purchasing an additional 55,137 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.
Insider Transactions 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 shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the transaction, the director directly owned 17,917 shares of the company’s stock, valued at $556,681.19. This trade represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by corporate insiders.
AMN Healthcare Services Stock Performance
AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 99.9% compared to the same quarter last year. As a group, analysts anticipate that AMN Healthcare Services Inc will post 2.7 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. BMO Capital Markets boosted their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Truist Financial raised their price objective on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Finally, UBS Group lifted their target price on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.00.
Get Our Latest Stock Analysis on AMN Healthcare Services
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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