State of New Jersey Common Pension Fund D Grows Position in AMN Healthcare Services, Inc. (NYSE:AMN)

State of New Jersey Common Pension Fund D boosted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,608 shares of the company’s stock after purchasing an additional 8,783 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of AMN Healthcare Services worth $2,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in AMN Healthcare Services during the 4th quarter valued at $31,000. QRG Capital Management Inc. purchased a new stake in shares of AMN Healthcare Services in the 3rd quarter worth $211,000. Quantbot Technologies LP bought a new position in shares of AMN Healthcare Services during the 3rd quarter worth $240,000. Belpointe Asset Management LLC increased its stake in shares of AMN Healthcare Services by 7.3% during the third quarter. Belpointe Asset Management LLC now owns 3,219 shares of the company’s stock valued at $274,000 after buying an additional 218 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of AMN Healthcare Services in the third quarter valued at about $296,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AMN. Truist Financial cut their target price on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. JMP Securities cut their price objective on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a report on Monday, February 26th. BMO Capital Markets dropped their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.00.

Insiders Place Their Bets

In other news, CEO Caroline Grace bought 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other AMN Healthcare Services news, CEO Caroline Grace bought 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the transaction, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey R. Knudson purchased 6,951 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the transaction, the chief financial officer now directly owns 27,804 shares in the company, valued at approximately $1,605,681. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 26,626 shares of company stock valued at $1,516,899. 0.93% of the stock is owned by company insiders.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $59.48 on Tuesday. The company has a 50 day moving average price of $58.94 and a 200 day moving average price of $67.35. The firm has a market capitalization of $2.25 billion, a P/E ratio of 11.24 and a beta of 0.22. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. AMN Healthcare Services, Inc. has a 52 week low of $53.77 and a 52 week high of $112.44.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $818.27 million during the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter last year, the company posted $2.48 earnings per share. Sell-side analysts expect that AMN Healthcare Services, Inc. will post 3.86 EPS for the current year.

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.