Illinois Municipal Retirement Fund Decreases Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Illinois Municipal Retirement Fund reduced its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 22,144 shares of the company’s stock after selling 957 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in AMN Healthcare Services were worth $1,658,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in AMN Healthcare Services by 145.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after buying an additional 828,390 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of AMN Healthcare Services by 3,287.3% in the third quarter. Teacher Retirement System of Texas now owns 555,990 shares of the company’s stock valued at $47,359,000 after purchasing an additional 539,576 shares during the period. Boston Partners increased its position in AMN Healthcare Services by 27.5% during the third quarter. Boston Partners now owns 1,423,009 shares of the company’s stock worth $120,774,000 after purchasing an additional 307,183 shares during the last quarter. WCM Investment Management LLC raised its stake in AMN Healthcare Services by 86.9% during the fourth quarter. WCM Investment Management LLC now owns 368,192 shares of the company’s stock worth $27,659,000 after purchasing an additional 171,217 shares during the period. Finally, New South Capital Management Inc. boosted its holdings in AMN Healthcare Services by 33.5% in the 3rd quarter. New South Capital Management Inc. now owns 402,518 shares of the company’s stock valued at $34,286,000 after purchasing an additional 101,027 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Up 1.5 %

NYSE:AMN opened at $57.12 on Friday. AMN Healthcare Services, Inc. has a 52 week low of $53.77 and a 52 week high of $112.44. The stock’s fifty day moving average is $58.98 and its two-hundred day moving average is $67.61. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 10.80 and a beta of 0.22. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $818.27 million for the quarter, compared to the consensus estimate of $803.14 million. During the same quarter in the previous year, the business earned $2.48 EPS. The company’s quarterly revenue was down 27.3% compared to the same quarter last year. Research analysts anticipate that AMN Healthcare Services, Inc. will post 3.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMN. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets cut their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Truist Financial reduced their target price on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, JMP Securities lowered their price target on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $85.00.

Insiders Place Their Bets

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

AMN Healthcare Services Company Profile

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.