Brown Brothers Harriman & Co. Takes Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Brown Brothers Harriman & Co. purchased a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,166 shares of the company’s stock, valued at approximately $695,000.

Several other large investors have also made changes to their positions in AMN. UBS Asset Management Americas Inc. lifted its stake in AMN Healthcare Services by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 56,218 shares of the company’s stock worth $4,143,000 after purchasing an additional 144 shares during the last quarter. CWM Advisors LLC increased its holdings in AMN Healthcare Services by 3.1% during the second quarter. CWM Advisors LLC now owns 4,818 shares of the company’s stock valued at $467,000 after buying an additional 146 shares during the period. Coe Capital Management LLC grew its holdings in AMN Healthcare Services by 1.7% in the first quarter. Coe Capital Management LLC now owns 10,457 shares of the company’s stock worth $771,000 after purchasing an additional 175 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of AMN Healthcare Services by 117.6% during the second quarter. IFP Advisors Inc now owns 383 shares of the company’s stock valued at $37,000 after buying an additional 207 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of AMN Healthcare Services by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 26,350 shares of the company’s stock valued at $2,555,000 after buying an additional 220 shares during the last quarter. 89.54% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on AMN. Credit Suisse Group upped their price objective on shares of AMN Healthcare Services from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 10th. Truist boosted their target price on shares of AMN Healthcare Services from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, August 31st. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, August 9th. Finally, Truist Securities upped their price objective on shares of AMN Healthcare Services from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, August 31st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AMN Healthcare Services has an average rating of “Buy” and a consensus target price of $113.00.

In other AMN Healthcare Services news, insider Denise L. Jackson sold 2,000 shares of AMN Healthcare Services stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $111.68, for a total transaction of $223,360.00. Following the completion of the transaction, the insider now owns 15,752 shares in the company, valued at $1,759,183.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Scott sold 5,000 shares of AMN Healthcare Services stock in a transaction dated Wednesday, July 21st. The stock was sold at an average price of $100.00, for a total transaction of $500,000.00. Following the transaction, the chief financial officer now owns 35,351 shares of the company’s stock, valued at approximately $3,535,100. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock worth $836,810 over the last three months. 0.98% of the stock is currently owned by insiders.

AMN Healthcare Services stock opened at $115.82 on Thursday. AMN Healthcare Services, Inc. has a 52-week low of $58.48 and a 52-week high of $123.73. The company’s 50 day moving average is $112.23 and its two-hundred day moving average is $97.33. The firm has a market cap of $5.47 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 1.87 and a beta of 0.39. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.87.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Wednesday, August 4th. The company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.21. The firm had revenue of $857.45 million for the quarter, compared to the consensus estimate of $829.37 million. AMN Healthcare Services had a net margin of 5.90% and a return on equity of 28.32%. During the same period last year, the firm posted $0.83 EPS. On average, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 5.8 earnings per share for the current fiscal year.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The firm operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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