FourThought Financial Partners LLC Makes New $293,000 Investment in AMN Healthcare Services Inc $AMN

FourThought Financial Partners LLC bought a new position in shares of AMN Healthcare Services Inc (NYSE:AMN) in the fourth quarter, Holdings Channel.com reports. The firm bought 18,601 shares of the company’s stock, valued at approximately $293,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AMN Healthcare Services by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,388,431 shares of the company’s stock valued at $84,960,000 after acquiring an additional 16,315 shares during the period. Millennium Management LLC boosted its position in shares of AMN Healthcare Services by 262.1% in the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after acquiring an additional 932,269 shares during the period. Woodline Partners LP bought a new position in shares of AMN Healthcare Services in the third quarter valued at approximately $19,176,000. Bank of America Corp DE boosted its position in shares of AMN Healthcare Services by 11.6% in the second quarter. Bank of America Corp DE now owns 919,408 shares of the company’s stock valued at $19,004,000 after acquiring an additional 95,720 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of AMN Healthcare Services by 34.1% in the third quarter. Allianz Asset Management GmbH now owns 773,246 shares of the company’s stock valued at $14,970,000 after acquiring an additional 196,466 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AMN. Robert W. Baird raised their price objective on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. BMO Capital Markets raised their price objective on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Zacks Research lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. UBS Group raised their price objective on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and an average price target of $25.29.

AMN Healthcare Services Trading Up 7.8%

Shares of AMN opened at $27.65 on Friday. The firm’s 50 day simple moving average is $21.42 and its 200 day simple moving average is $19.14. The company has a market capitalization of $1.07 billion, a P/E ratio of -31.79, a P/E/G ratio of 0.63 and a beta of 0.30. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09. AMN Healthcare Services Inc has a 1-year low of $14.86 and a 1-year high of $31.65.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. AMN Healthcare Services’s quarterly revenue was up 99.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. Sell-side analysts forecast that AMN Healthcare Services Inc will post 2.53 earnings per share for the current fiscal year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.