AMN Healthcare Services, Inc. (NYSE:AMN) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 55.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 150,065 shares of the company’s stock after acquiring an additional 53,317 shares during the period. JPMorgan Chase & Co.’s holdings in AMN Healthcare Services were worth $6,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMN. American Century Companies Inc. lifted its holdings in shares of AMN Healthcare Services by 95.3% during the second quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after purchasing an additional 378,266 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in AMN Healthcare Services by 36.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 24,255 shares of the company’s stock worth $1,243,000 after buying an additional 6,494 shares during the period. Envestnet Asset Management Inc. raised its holdings in AMN Healthcare Services by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 178,241 shares of the company’s stock worth $9,131,000 after buying an additional 24,226 shares during the period. Dimensional Fund Advisors LP lifted its stake in AMN Healthcare Services by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company’s stock valued at $53,468,000 after buying an additional 37,760 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its holdings in shares of AMN Healthcare Services by 19.1% in the second quarter. Pekin Hardy Strauss Inc. now owns 4,370 shares of the company’s stock worth $224,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 2.5 %

Shares of NYSE:AMN opened at $25.47 on Thursday. AMN Healthcare Services, Inc. has a 12-month low of $22.47 and a 12-month high of $79.74. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $969.74 million, a P/E ratio of 18.46 and a beta of 0.05. The firm has a fifty day moving average of $25.96 and a two-hundred day moving average of $40.74.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter last year, the firm earned $1.97 earnings per share. On average, equities analysts expect that AMN Healthcare Services, Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMN shares. BMO Capital Markets cut their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Truist Financial cut their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. JMP Securities decreased their target price on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 22nd. Jefferies Financial Group lowered their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.33.

Insider Activity

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction that occurred on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares in the company, valued at approximately $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.93% of the stock is owned by corporate insiders.

AMN Healthcare Services 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.