State of Wisconsin Investment Board Increases Position in AMN Healthcare Services, Inc. (NYSE:AMN)
State of Wisconsin Investment Board boosted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 29.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 327,550 shares of the company’s stock after buying an additional 75,000 shares during the period. State of Wisconsin Investment Board’s holdings in AMN Healthcare Services were worth $15,424,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in AMN. New England Research & Management Inc. purchased a new stake in AMN Healthcare Services during the first quarter valued at approximately $941,000. State of Tennessee Treasury Department raised its position in AMN Healthcare Services by 408.6% during the fourth quarter. State of Tennessee Treasury Department now owns 159,155 shares of the company’s stock valued at $9,018,000 after purchasing an additional 127,865 shares during the period. Bremer Trust National Association purchased a new stake in AMN Healthcare Services during the fourth quarter valued at approximately $93,000. Legal & General Group Plc raised its position in AMN Healthcare Services by 0.3% during the fourth quarter. Legal & General Group Plc now owns 110,580 shares of the company’s stock valued at $6,259,000 after purchasing an additional 301 shares during the period. Finally, Cutler Group LP raised its position in AMN Healthcare Services by 331.6% during the fourth quarter. Cutler Group LP now owns 3,384 shares of the company’s stock valued at $191,000 after purchasing an additional 2,600 shares during the period. 96.78% of the stock is owned by institutional investors.
Shares of NYSE AMN traded up $0.18 during midday trading on Wednesday, hitting $51.41. The company’s stock had a trading volume of 70,355 shares, compared to its average volume of 496,695. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.47. AMN Healthcare Services, Inc. has a 12-month low of $45.04 and a 12-month high of $65.81. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.44 and a beta of 0.85.
In other news, Director Andrew M. Stern sold 4,668 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $52.09, for a total value of $243,156.12. Following the sale, the director now directly owns 4,168 shares in the company, valued at $217,111.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director R Jeffrey Harris sold 10,490 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.01, for a total value of $545,584.90. Following the completion of the sale, the director now owns 55,890 shares in the company, valued at $2,906,838.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,084 shares of company stock worth $4,275,670. Company insiders own 2.07% of the company’s stock.
AMN has been the topic of a number of recent research reports. ValuEngine downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Sidoti set a $73.00 price objective on AMN Healthcare Services and gave the company a “buy” rating in a research report on Friday, February 15th. Benchmark set a $66.00 price objective on AMN Healthcare Services and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Zacks Investment Research downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.88.
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About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities 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; 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 under the Staff Care and Locum Leaders brands.
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