Reinhart Partners LLC. Makes New Investment in AMN Healthcare Services, Inc. (NYSE:AMN)

Reinhart Partners LLC. acquired a new position in AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 515,941 shares of the company’s stock, valued at approximately $12,341,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMN. Arizona State Retirement System lifted its holdings in AMN Healthcare Services by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after buying an additional 221 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of AMN Healthcare Services by 39.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 46,170 shares of the company’s stock valued at $2,365,000 after purchasing an additional 13,097 shares in the last quarter. American Century Companies Inc. raised its stake in shares of AMN Healthcare Services by 95.3% in the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after purchasing an additional 378,266 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $397,000. Finally, BOKF NA raised its stake in shares of AMN Healthcare Services by 125.5% in the 2nd quarter. BOKF NA now owns 9,554 shares of the company’s stock valued at $489,000 after purchasing an additional 5,317 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insiders Place Their Bets

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction that occurred on Saturday, November 2nd. The shares were 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 6.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. 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 research note on Friday, November 8th. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the company from $65.00 to $48.00 in a research note on Monday, October 7th. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Price Performance

Shares of AMN Healthcare Services stock traded up $0.31 on Monday, hitting $27.18. The company had a trading volume of 245,509 shares, compared to its average volume of 637,778. The business has a 50-day simple moving average of $26.76 and a 200-day simple moving average of $41.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $1.03 billion, a PE ratio of 19.70 and a beta of 0.05. AMN Healthcare Services, Inc. has a 52 week low of $22.47 and a 52 week high of $79.74.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter in the prior year, the firm earned $1.97 EPS. Research analysts expect that AMN Healthcare Services, Inc. will post 3.07 EPS for the current fiscal year.

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.