Thrivent Financial for Lutherans Acquires 1,230,543 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Thrivent Financial for Lutherans lifted its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 3,753.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,263,326 shares of the company’s stock after purchasing an additional 1,230,543 shares during the quarter. Thrivent Financial for Lutherans owned about 3.32% of AMN Healthcare Services worth $64,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Mather Group LLC. purchased a new position in AMN Healthcare Services during the second quarter valued at $31,000. Nisa Investment Advisors LLC increased its holdings in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares in the last quarter. Quarry LP raised its position in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares during the last quarter. Principal Securities Inc. bought a new position in AMN Healthcare Services in the 4th quarter worth about $49,000. Finally, Geneos Wealth Management Inc. purchased a new stake in AMN Healthcare Services during the 1st quarter valued at about $58,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Performance

AMN stock opened at $45.66 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. AMN Healthcare Services, Inc. has a 1 year low of $42.23 and a 1 year high of $87.87. The company has a market cap of $1.73 billion, a P/E ratio of 12.27 and a beta of 0.12. The stock’s fifty day moving average price is $54.28 and its 200-day moving average price is $55.89.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. During the same period last year, the firm posted $2.38 earnings per share. The business’s revenue for the quarter was down 25.3% on a year-over-year basis. On average, equities analysts forecast that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

AMN has been the subject of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. UBS Group lowered their price objective on 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. JMP Securities cut their target price on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.83.

AMN Healthcare Services 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.