Madison Asset Management LLC Invests $1.05 Million in AMN Healthcare Services, Inc. (NYSE:AMN)

Madison Asset Management LLC bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,006 shares of the company’s stock, valued at approximately $1,049,000.

A number of other institutional investors have also added to or reduced their stakes in AMN. Hexagon Capital Partners LLC grew its stake in shares of AMN Healthcare Services by 69.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after acquiring an additional 147 shares in the last quarter. GAMMA Investing LLC bought a new stake in AMN Healthcare Services during the fourth quarter worth about $31,000. Principal Securities Inc. bought a new stake in AMN Healthcare Services during the fourth quarter worth about $49,000. Quadrant Capital Group LLC lifted its position in AMN Healthcare Services by 32.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,411 shares of the company’s stock worth $106,000 after purchasing an additional 342 shares during the period. Finally, Gladius Capital Management LP lifted its position in AMN Healthcare Services by 263.1% during the fourth quarter. Gladius Capital Management LP now owns 2,128 shares of the company’s stock worth $159,000 after purchasing an additional 1,542 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Jorge A. Caballero acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $56.80 per share, with a total value of $113,600.00. Following the completion of the transaction, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is owned by corporate insiders.

AMN Healthcare Services Stock Up 3.0 %

AMN traded up $1.63 during mid-day trading on Friday, reaching $55.94. 722,864 shares of the stock were exchanged, compared to its average volume of 799,754. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $2.13 billion, a PE ratio of 15.04 and a beta of 0.22. The company has a 50 day moving average price of $58.42 and a two-hundred day moving average price of $65.37. AMN Healthcare Services, Inc. has a 1 year low of $53.00 and a 1 year high of $112.44.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The firm had revenue of $820.90 million for the quarter, compared to analysts’ expectations of $816.54 million. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The company’s revenue was down 27.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 earnings per share. As a group, research analysts anticipate that AMN Healthcare Services, Inc. will post 3.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMN shares. Bank of America increased their target price on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Truist Financial dropped their target price on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday, April 22nd. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. Finally, JMP Securities reiterated a “market outperform” rating and set a $75.00 target price on shares of AMN Healthcare Services in a research report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $75.57.

About AMN Healthcare Services

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.