Algert Global LLC Buys Shares of 46,210 AMN Healthcare Services, Inc. (NYSE:AMN)

Algert Global LLC purchased a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 46,210 shares of the company's stock, valued at approximately $1,105,000. Algert Global LLC owned approximately 0.12% of AMN Healthcare Services at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WCM Investment Management LLC increased its position in AMN Healthcare Services by 98.8% during the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock worth $26,367,000 after buying an additional 550,427 shares in the last quarter. Reinhart Partners LLC. acquired a new position in AMN Healthcare Services in the 4th quarter valued at about $12,341,000. Thompson Investment Management Inc. lifted its holdings in AMN Healthcare Services by 381.8% in the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company's stock valued at $7,095,000 after purchasing an additional 235,067 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of AMN Healthcare Services by 32.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company's stock worth $21,222,000 after purchasing an additional 217,643 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of AMN Healthcare Services by 188.4% during the fourth quarter. Wells Fargo & Company MN now owns 301,390 shares of the company's stock worth $7,209,000 after buying an additional 196,882 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Analyst Upgrades and Downgrades

AMN has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JMP Securities reiterated a "market outperform" rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. StockNews.com raised shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th. Finally, BMO Capital Markets cut their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.67.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $21.99 on Friday. AMN Healthcare Services, Inc. has a twelve month low of $17.45 and a twelve month high of $70.07. The firm has a market capitalization of $839.78 million, a price-to-earnings ratio of -5.71 and a beta of 0.16. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The firm's fifty day simple moving average is $21.82 and its 200 day simple moving average is $25.44.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.19 by $0.26. The business had revenue of $689.53 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The company's revenue was down 16.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. As a group, equities research analysts expect that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

About AMN Healthcare Services

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.

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