Linden Thomas Advisory Services LLC Grows Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Linden Thomas Advisory Services LLC grew its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 8.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,452 shares of the company’s stock after acquiring an additional 487 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in AMN Healthcare Services were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMN. QRG Capital Management Inc. purchased a new position in shares of AMN Healthcare Services in the 3rd quarter valued at about $211,000. Quantbot Technologies LP acquired a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $240,000. Belpointe Asset Management LLC boosted its position in shares of AMN Healthcare Services by 7.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 3,219 shares of the company’s stock valued at $274,000 after purchasing an additional 218 shares during the period. NBC Securities Inc. acquired a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $296,000. Finally, Pathstone Family Office LLC boosted its position in shares of AMN Healthcare Services by 53.6% in the 3rd quarter. Pathstone Family Office LLC now owns 4,284 shares of the company’s stock valued at $365,000 after purchasing an additional 1,495 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $56.27 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average of $59.08 and a two-hundred day moving average of $67.76. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.64 and a beta of 0.22. AMN Healthcare Services, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $112.44.

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, topping 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 business had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. During the same quarter last year, the firm earned $2.48 earnings per share. The business’s revenue was down 27.3% on a year-over-year basis. On average, analysts anticipate that AMN Healthcare Services, Inc. will post 3.86 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMN. JMP Securities decreased their target price on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday, February 26th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial decreased their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research report on Monday. Finally, BMO Capital Markets decreased their price objective on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and an average target price of $85.00.

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.