Wellington Management Group LLP Acquires 272,552 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Wellington Management Group LLP boosted its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 54.5% during the third quarter, Holdings Channel reports. The fund owned 773,015 shares of the company’s stock after acquiring an additional 272,552 shares during the period. Wellington Management Group LLP’s holdings in AMN Healthcare Services were worth $32,768,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMN. FMR LLC grew its stake in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after purchasing an additional 2,801,663 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of AMN Healthcare Services in the 2nd quarter valued at $99,349,000. State Street Corp grew its position in shares of AMN Healthcare Services by 1.1% in the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after purchasing an additional 16,075 shares during the period. Thrivent Financial for Lutherans increased its holdings in AMN Healthcare Services by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock worth $54,831,000 after purchasing an additional 30,157 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock valued at $46,499,000 after purchasing an additional 209,180 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. BMO Capital Markets decreased their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Truist Financial dropped their price target on 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. Finally, Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $65.00 to $48.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Stock Performance

AMN opened at $27.17 on Friday. 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 capitalization of $1.03 billion, a PE ratio of 19.68 and a beta of 0.04. The business has a fifty day simple moving average of $33.02 and a 200 day simple moving average of $45.65. AMN Healthcare Services, Inc. has a 1 year low of $23.37 and a 1 year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released 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. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The business had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same period in the prior year, the company posted $1.97 earnings per share. Research analysts expect that AMN Healthcare Services, Inc. will post 3.07 EPS for the current year.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s 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 transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.93% of the stock is owned by company insiders.

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.