The Manufacturers Life Insurance Company Increases Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

The Manufacturers Life Insurance Company increased its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,292 shares of the company’s stock after purchasing an additional 748 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of AMN Healthcare Services worth $1,091,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in AMN Healthcare Services during the second quarter valued at $2,516,000. Aristeia Capital L.L.C. bought a new stake in AMN Healthcare Services during the second quarter worth about $505,000. Magnetar Financial LLC bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $320,000. Public Sector Pension Investment Board lifted its stake in shares of AMN Healthcare Services by 7.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 83,607 shares of the company’s stock valued at $4,283,000 after acquiring an additional 6,145 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of AMN Healthcare Services by 3,753.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after acquiring an additional 1,230,543 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMN. UBS Group lowered their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. BMO Capital Markets upped their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. JMP Securities reissued a “market outperform” rating and issued a $66.00 price target on shares of AMN Healthcare Services in a research report on Friday, October 4th. Finally, StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.00.

AMN Healthcare Services Stock Performance

Shares of AMN opened at $39.62 on Friday. The stock has a market cap of $1.51 billion, a P/E ratio of 10.65 and a beta of 0.11. AMN Healthcare Services, Inc. has a 52 week low of $36.50 and a 52 week high of $80.22. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average price is $48.15 and its 200-day moving average price is $53.68.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The firm’s quarterly revenue was down 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. Equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.21 earnings per share for the current fiscal year.

About AMN Healthcare Services

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.