Vanguard Group Inc. Raises Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Vanguard Group Inc. lifted its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,251,503 shares of the company’s stock after purchasing an additional 30,513 shares during the period. Vanguard Group Inc. owned 0.11% of AMN Healthcare Services worth $318,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FourThought Financial Partners LLC increased its position in AMN Healthcare Services by 3.7% in the fourth quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock worth $296,000 after buying an additional 139 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in AMN Healthcare Services by 69.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after acquiring an additional 147 shares in the last quarter. CWM LLC increased its holdings in AMN Healthcare Services by 1.2% in the 4th quarter. CWM LLC now owns 12,818 shares of the company’s stock worth $960,000 after acquiring an additional 155 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in AMN Healthcare Services by 2.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 6,623 shares of the company’s stock worth $496,000 after acquiring an additional 155 shares during the period. Finally, Quarry LP lifted its holdings in AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after purchasing an additional 204 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Price Performance

Shares of AMN stock opened at $51.23 on Friday. The stock has a 50 day moving average price of $56.18 and a 200 day moving average price of $63.30. The firm has a market capitalization of $1.95 billion, a P/E ratio of 13.77 and a beta of 0.17. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27. AMN Healthcare Services, Inc. has a 52-week low of $49.80 and a 52-week high of $112.44.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $820.90 million during the quarter, compared to analyst estimates of $816.54 million. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The business’s revenue was down 27.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 earnings per share. As a group, sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. JMP Securities reiterated a “market outperform” rating and set a $75.00 price objective on shares of AMN Healthcare Services in a research report on Friday, May 10th. Bank of America upped their target price on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Truist Financial cut their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, BMO Capital Markets reduced their price objective on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $75.57.

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.