Koshinski Asset Management Inc. Invests $1.61 Million in AMN Healthcare Services, Inc. (NYSE:AMN)


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Koshinski Asset Management Inc. bought a new position in AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 18,862 shares of the company’s stock, valued at approximately $1,605,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of AMN Healthcare Services in the fourth quarter worth $6,831,000. Eaton Vance Management purchased a new stake in shares of AMN Healthcare Services in the fourth quarter worth $19,710,000. Channing Capital Management LLC grew its stake in shares of AMN Healthcare Services by 3.9% in the fourth quarter. Channing Capital Management LLC now owns 529,654 shares of the company’s stock worth $36,149,000 after acquiring an additional 20,033 shares during the last quarter. Norges Bank purchased a new stake in shares of AMN Healthcare Services in the fourth quarter worth $37,321,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of AMN Healthcare Services by 5.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 56,074 shares of the company’s stock worth $3,827,000 after acquiring an additional 3,133 shares during the last quarter. 94.61% of the stock is currently owned by hedge funds and other institutional investors.

AMN stock opened at $73.38 on Thursday. AMN Healthcare Services, Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $80.80. The business’s 50-day moving average is $75.11 and its two-hundred day moving average is $69.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 3.81 and a beta of 0.51.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Wednesday, February 17th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. AMN Healthcare Services had a return on equity of 20.38% and a net margin of 3.78%. The company had revenue of $631.27 million for the quarter, compared to the consensus estimate of $625.62 million. Equities analysts predict that AMN Healthcare Services, Inc. will post 3.31 earnings per share for the current year.

In other AMN Healthcare Services news, Director Martha H. Marsh sold 18,175 shares of the stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $77.32, for a total value of $1,405,291.00. Following the transaction, the director now owns 29,090 shares of the company’s stock, valued at $2,249,238.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Denise L. Jackson sold 2,000 shares of the stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $76.84, for a total value of $153,680.00. Following the completion of the transaction, the insider now directly owns 16,752 shares in the company, valued at approximately $1,287,223.68. The disclosure for this sale can be found here. In the last three months, insiders sold 22,901 shares of company stock worth $1,758,269. 1.35% of the stock is owned by corporate insiders.

A number of research firms have recently commented on AMN. Truist increased their target price on AMN Healthcare Services from $84.00 to $95.00 in a research note on Friday, February 19th. BMO Capital Markets increased their price objective on AMN Healthcare Services from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $74.50.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. It offers travel nurse staffing under the American Mobile, Onward Healthcare, and O'Grady Peyton brands; rapid response nurse staffing and labor disruption services under the NurseChoice and HealthSource Global Staffing brands; local or per diem staffing services under Nursefinders brand; and locum tenens staffing services under the Staff Care and Locum Leaders brands.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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