West Tower Group LLC Purchases Shares of 745 AMN Healthcare Services, Inc. (NYSE:AMN)

by · The Cerbat Gem

West Tower Group LLC acquired a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 745 shares of the company’s stock, valued at approximately $81,000.

Several other large investors also recently made changes to their positions in the stock. Snowden Capital Advisors LLC bought a new position in shares of AMN Healthcare Services in the 2nd quarter valued at about $203,000. Silvercrest Asset Management Group LLC increased its position in AMN Healthcare Services by 47.9% during the second quarter. Silvercrest Asset Management Group LLC now owns 570,890 shares of the company’s stock worth $62,295,000 after buying an additional 184,974 shares during the last quarter. Pura Vida Investments LLC bought a new stake in AMN Healthcare Services in the second quarter valued at approximately $2,174,000. White Knight Strategic Wealth Advisors LLC lifted its position in shares of AMN Healthcare Services by 15.6% in the second quarter. White Knight Strategic Wealth Advisors LLC now owns 10,612 shares of the company’s stock valued at $1,158,000 after buying an additional 1,435 shares during the last quarter. Finally, Bridgewater Associates LP boosted its stake in shares of AMN Healthcare Services by 68.9% during the 2nd quarter. Bridgewater Associates LP now owns 95,021 shares of the company’s stock worth $10,369,000 after acquiring an additional 38,776 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $70.28 on Wednesday. The firm has a market cap of $2.66 billion, a PE ratio of 10.27 and a beta of 0.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s fifty day moving average price is $72.25 and its two-hundred day moving average price is $88.79. AMN Healthcare Services, Inc. has a one year low of $57.80 and a one year high of $121.92.

AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. AMN Healthcare Services had a return on equity of 42.42% and a net margin of 6.83%. The company had revenue of $853.46 million for the quarter, compared to analysts’ expectations of $851.20 million. During the same quarter last year, the business earned $2.57 earnings per share. AMN Healthcare Services’s revenue was down 25.0% on a year-over-year basis. As a group, research analysts expect that AMN Healthcare Services, Inc. will post 8.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of AMN Healthcare Services from a “b” rating to a “c+” rating in a research report on Monday, October 16th. Truist Financial reissued a “buy” rating and issued a $88.00 price target on shares of AMN Healthcare Services in a report on Tuesday. JMP Securities began coverage on AMN Healthcare Services in a report on Wednesday. They set an “outperform” rating and a $85.00 price objective for the company. StockNews.com assumed coverage on AMN Healthcare Services in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, UBS Group started coverage on AMN Healthcare Services in a research note on Thursday, November 30th. They issued a “neutral” rating and a $73.00 price target for the company. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.67.

Check Out Our Latest Stock Analysis on AMN Healthcare Services

Insider Activity

In related news, insider Mark Christopher Hagan sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $67.92, for a total transaction of $1,086,720.00. Following the sale, the insider now owns 19,018 shares in the company, valued at approximately $1,291,702.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

AMN Healthcare Services Profile

(Free Report)

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.

See Also

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