Farther Finance Advisors LLC Increases Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Farther Finance Advisors LLC grew its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 455.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,493 shares of the company’s stock after buying an additional 1,224 shares during the period. Farther Finance Advisors LLC’s holdings in AMN Healthcare Services were worth $63,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $45,481,000. New South Capital Management Inc. grew its stake in AMN Healthcare Services by 24.6% in the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after purchasing an additional 111,302 shares during the period. Quadrature Capital Ltd grew its stake in AMN Healthcare Services by 366.6% in the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock worth $1,455,000 after purchasing an additional 18,264 shares during the period. Virtu Financial LLC purchased a new stake in AMN Healthcare Services in the first quarter worth $878,000. Finally, Connors Investor Services Inc. grew its stake in AMN Healthcare Services by 88.0% in the first quarter. Connors Investor Services Inc. now owns 47,966 shares of the company’s stock worth $2,998,000 after purchasing an additional 22,447 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Trading Down 5.7 %

Shares of NYSE:AMN opened at $24.60 on Thursday. The company has a market cap of $936.52 million, a P/E ratio of 17.83 and a beta of 0.13. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.23. AMN Healthcare Services, Inc. has a 1 year low of $24.35 and a 1 year high of $80.22. The stock’s fifty day moving average price is $40.52 and its 200-day moving average price is $50.36.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period in the prior year, the company posted $1.97 earnings per share. Sell-side analysts expect that AMN Healthcare Services, Inc. will post 3.11 earnings per share for the current year.

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.93% of the stock is owned by company insiders.

Analyst Ratings Changes

AMN has been the topic of several recent research reports. Truist Financial reduced their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reduced their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday. JMP Securities dropped their target price on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. Finally, William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.