Sei Investments Co. Increases Stake in AMN Healthcare Services Inc $AMN

Sei Investments Co. increased its stake in AMN Healthcare Services Inc (NYSE:AMN) by 204.7% in the first quarter, Holdings Channel reports. The firm owned 51,984 shares of the company’s stock after purchasing an additional 34,925 shares during the period. Sei Investments Co.’s holdings in AMN Healthcare Services were worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in AMN Healthcare Services during the 4th quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after buying an additional 2,000 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of AMN Healthcare Services during the third quarter valued at $63,000. Tower Research Capital LLC TRC grew its holdings in shares of AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of AMN Healthcare Services in the 1st quarter valued at $95,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $32.34 on Thursday. AMN Healthcare Services Inc has a one year low of $14.97 and a one year high of $37.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.13. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.22 and a beta of 0.40. The firm’s fifty day moving average is $32.75 and its two-hundred day moving average is $25.44.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.58. The company had revenue of $673.24 million for the quarter, compared to the consensus estimate of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Research analysts expect that AMN Healthcare Services Inc will post 3.1 EPS for the current year.

Insider Activity at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the firm’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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMN shares. Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research note on Friday, August 7th. Wall Street Zen raised AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Sunday. Zacks Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, UBS Group upped their target price on AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.86.

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.