Thrivent Financial for Lutherans Raises Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Thrivent Financial for Lutherans increased its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,293,483 shares of the company’s stock after acquiring an additional 30,157 shares during the period. Thrivent Financial for Lutherans’ holdings in AMN Healthcare Services were worth $54,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of AMN Healthcare Services during the 2nd quarter valued at about $31,000. Nisa Investment Advisors LLC raised its stake in shares of AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after buying an additional 219 shares during the last quarter. GAMMA Investing LLC grew its position in shares of AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares during the period. Innealta Capital LLC acquired a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at about $65,000. Finally, Farther Finance Advisors LLC grew its position in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after acquiring an additional 1,224 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $26.50 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. The firm has a fifty day moving average price of $39.51 and a 200 day moving average price of $49.78. The company has a market cap of $1.01 billion, a P/E ratio of 19.20 and a beta of 0.13. AMN Healthcare Services, Inc. has a 12 month low of $23.37 and a 12 month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction 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 owns 37,550 shares in the company, valued at $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of analyst reports. Jefferies Financial Group dropped their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. JMP Securities dropped their target price on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. UBS Group dropped their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Truist Financial dropped their target price on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.