Janney Montgomery Scott LLC Acquires 2,177 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Janney Montgomery Scott LLC increased its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,471 shares of the company’s stock after purchasing an additional 2,177 shares during the period. Janney Montgomery Scott LLC’s holdings in AMN Healthcare Services were worth $783,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMN. Pacer Advisors Inc. bought a new stake in AMN Healthcare Services during the second quarter valued at about $99,349,000. Thrivent Financial for Lutherans raised its position in AMN Healthcare Services by 3,753.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after purchasing an additional 1,230,543 shares in the last quarter. Swedbank AB acquired a new position in AMN Healthcare Services in the first quarter worth about $70,617,000. Vaughan Nelson Investment Management L.P. bought a new stake in AMN Healthcare Services during the second quarter worth about $45,481,000. Finally, American Century Companies Inc. grew its stake in AMN Healthcare Services by 95.3% during the second quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock worth $39,710,000 after buying an additional 378,266 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This represents a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.93% of the company’s stock.

AMN Healthcare Services Stock Down 0.7 %

Shares of AMN stock opened at $23.70 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.18. The firm’s 50-day moving average is $39.51 and its 200-day moving average is $49.85. The stock has a market cap of $902.26 million, a price-to-earnings ratio of 17.17 and a beta of 0.13. AMN Healthcare Services, Inc. has a 52-week low of $23.37 and a 52-week high of $80.22.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The business had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same quarter in the prior year, the business earned $1.97 EPS. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.09 EPS for the current year.

Analyst Ratings Changes

AMN has been the topic of several research analyst reports. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. 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 report on Friday, November 8th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, UBS Group cut their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and an average target price of $48.33.

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.