FORA Capital LLC Has $1.04 Million Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

FORA Capital LLC raised its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,626 shares of the company’s stock after acquiring an additional 1,686 shares during the quarter. FORA Capital LLC owned about 0.06% of AMN Healthcare Services worth $1,044,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMN. Truvestments Capital LLC acquired a new stake in shares of AMN Healthcare Services in the third quarter valued at approximately $30,000. Mather Group LLC. bought a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at $31,000. Nisa Investment Advisors LLC increased its position in shares of AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC raised its stake in AMN Healthcare Services by 232.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after purchasing an additional 811 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in AMN Healthcare Services by 455.0% during the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after purchasing an additional 1,224 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $26.29 on Friday. AMN Healthcare Services, Inc. has a 52 week low of $23.37 and a 52 week high of $80.22. The firm’s 50-day simple moving average is $36.00 and its two-hundred day simple moving average is $47.83. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 19.05 and a beta of 0.13. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data 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 firm earned $1.97 earnings per share. As a group, equities analysts forecast that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current year.

Insider Activity

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The stock was 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 owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.93% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial dropped their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 8th. BMO Capital Markets decreased their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. JMP Securities dropped their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. Finally, Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Company 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.