Louisiana State Employees Retirement System Acquires New Holdings in AMN Healthcare Services Inc $AMN

Louisiana State Employees Retirement System bought a new stake in AMN Healthcare Services Inc (NYSE:AMN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,000 shares of the company’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in shares of AMN Healthcare Services during the fourth quarter worth $168,000. Alpine Global Management LLC bought a new stake in AMN Healthcare Services during the 4th quarter worth $176,000. Invesco Ltd. grew its position in AMN Healthcare Services by 4.9% during the 4th quarter. Invesco Ltd. now owns 410,993 shares of the company’s stock worth $6,477,000 after acquiring an additional 19,352 shares during the last quarter. State of Tennessee Department of Treasury increased its holdings in AMN Healthcare Services by 55.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 23,402 shares of the company’s stock worth $369,000 after purchasing an additional 8,368 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in AMN Healthcare Services in the 4th quarter worth about $826,000. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Zacks Research lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Citizens Jmp reiterated a “market outperform” rating and set a $36.00 target price on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd. Citigroup reissued a “market outperform” rating on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Finally, Wall Street Zen raised shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Activity

In related news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the sale, the director owned 17,917 shares in the company, valued at $556,681.19. This represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by corporate insiders.

AMN Healthcare Services Stock Down 1.6%

Shares of NYSE AMN opened at $31.57 on Friday. AMN Healthcare Services Inc has a 52-week low of $14.86 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09. The company’s 50 day moving average price is $29.62 and its 200-day moving average price is $22.59. The company has a market capitalization of $1.22 billion, a P/E ratio of -36.29, a price-to-earnings-growth ratio of 0.74 and a beta of 0.41.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. AMN Healthcare Services’s quarterly revenue was up 99.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Equities analysts forecast that AMN Healthcare Services Inc will post 2.7 earnings per share for the current year.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.