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.
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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