Pettee Investors Inc. bought a new position in AMN Healthcare Services, Inc. (NYSE:AMN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,115 shares of the company’s stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its holdings in AMN Healthcare Services by 8.7% in the 2nd quarter. BlackRock Inc. now owns 6,694,366 shares of the company’s stock worth $392,290,000 after purchasing an additional 533,007 shares in the last quarter. Waddell & Reed Financial Inc. increased its stake in shares of AMN Healthcare Services by 14.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,776,631 shares of the company’s stock valued at $104,111,000 after buying an additional 224,540 shares during the period. Hermes Investment Management Ltd. increased its stake in shares of AMN Healthcare Services by 12.8% in the second quarter. Hermes Investment Management Ltd. now owns 1,192,647 shares of the company’s stock valued at $69,889,000 after buying an additional 135,690 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of AMN Healthcare Services by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,169,319 shares of the company’s stock valued at $66,361,000 after buying an additional 15,988 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of AMN Healthcare Services by 55.5% in the second quarter. Voya Investment Management LLC now owns 1,062,917 shares of the company’s stock valued at $62,287,000 after buying an additional 379,588 shares during the period.

In related news, CFO Brian M. Scott sold 12,500 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $58.58, for a total transaction of $732,250.00. Following the sale, the chief financial officer now owns 56,365 shares in the company, valued at approximately $3,301,861.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian M. Scott sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $59.11, for a total value of $1,182,200.00. Following the sale, the chief financial officer now owns 56,365 shares in the company, valued at approximately $3,331,735.15. The disclosure for this sale can be found here. 2.18% of the stock is owned by corporate insiders.

Shares of AMN stock traded up $0.20 on Friday, hitting $54.05. The company had a trading volume of 2,140 shares, compared to its average volume of 273,335. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.25 and a beta of 0.30. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. AMN Healthcare Services, Inc. has a twelve month low of $37.71 and a twelve month high of $68.20.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 2nd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. AMN Healthcare Services had a return on equity of 23.75% and a net margin of 7.08%. The company had revenue of $558.10 million for the quarter, compared to analyst estimates of $533.99 million. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. sell-side analysts forecast that AMN Healthcare Services, Inc. will post 3.21 earnings per share for the current year.

Several equities research analysts have recently weighed in on AMN shares. Robert W. Baird reissued a “hold” rating and issued a $58.00 price target on shares of AMN Healthcare Services in a research note on Friday, August 3rd. BMO Capital Markets reissued a “buy” rating and issued a $67.00 price target on shares of AMN Healthcare Services in a research note on Thursday, July 12th. Zacks Investment Research raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. ValuEngine cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Lake Street Capital decreased their price target on AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. AMN Healthcare Services currently has a consensus rating of “Buy” and an average price target of $65.11.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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