Great Lakes Advisors LLC Buys New Holdings in AMN Healthcare Services Inc $AMN

Great Lakes Advisors LLC purchased a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,701 shares of the company’s stock, valued at approximately $2,191,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMN. Summit Securities Group LLC acquired a new position in shares of AMN Healthcare Services in the 4th quarter valued at about $32,000. Versant Capital Management Inc increased its position in AMN Healthcare Services by 41.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after purchasing an additional 345 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its position in AMN Healthcare Services by 200.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after purchasing an additional 2,000 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services in the third quarter valued at approximately $63,000. Finally, Tower Research Capital LLC TRC raised its holdings in AMN Healthcare Services by 49.2% in 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 period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective 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. Robert W. Baird set a $36.00 target price on shares of AMN Healthcare Services in a report on Friday, August 7th. Wall Street Zen downgraded AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a report on Monday, August 17th. Weiss Ratings raised AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research downgraded AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.43.

Insider Buying and Selling at AMN Healthcare Services

In other 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 completion of the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. The sale 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 corporate insiders.

AMN Healthcare Services Price Performance

Shares of AMN stock opened at $34.48 on Friday. The firm has a fifty day simple moving average of $33.31 and a 200-day simple moving average of $26.09. The company has a market capitalization of $1.34 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.40. AMN Healthcare Services Inc has a twelve month low of $14.97 and a twelve month high of $37.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $673.24 million for the quarter, compared to the consensus estimate of $628.39 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that AMN Healthcare Services Inc will post 3.1 earnings per share for the current fiscal year.

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.