Balyasny Asset Management L.P. Sells 306,434 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Balyasny Asset Management L.P. reduced its position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 92.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,734 shares of the company's stock after selling 306,434 shares during the period. Balyasny Asset Management L.P. owned approximately 0.07% of AMN Healthcare Services worth $639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMN. Jones Financial Companies Lllp lifted its position in shares of AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after purchasing an additional 377 shares during the last quarter. Blue Trust Inc. raised its stake in AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock worth $57,000 after acquiring an additional 754 shares during the period. KBC Group NV raised its stake in AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company's stock worth $59,000 after acquiring an additional 1,303 shares during the period. Covestor Ltd increased its stake in shares of AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company's stock valued at $70,000 after purchasing an additional 848 shares during the period. Finally, Quarry LP increased its stake in shares of AMN Healthcare Services by 180.4% in the fourth quarter. Quarry LP now owns 5,624 shares of the company's stock valued at $135,000 after purchasing an additional 3,618 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial decreased their price objective on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. UBS Group decreased their price objective on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. JMP Securities reiterated a "market outperform" rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. StockNews.com upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. Finally, BMO Capital Markets decreased 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 report on Monday, February 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, AMN Healthcare Services presently has a consensus rating of "Hold" and a consensus price target of $32.08.

AMN Healthcare Services Stock Down 1.8%

Shares of AMN Healthcare Services stock traded down $0.42 on Wednesday, hitting $22.52. 38,740 shares of the company traded hands, compared to its average volume of 913,843. The company has a 50-day moving average price of $21.33 and a 200 day moving average price of $24.62. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a 12-month low of $17.45 and a 12-month high of $70.07. The company has a market cap of $862.10 million, a PE ratio of -5.86 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly 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. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The business had revenue of $689.53 million for the quarter, compared to analysts' expectations of $670.08 million. During the same period in the previous year, the company posted $0.97 EPS. AMN Healthcare Services's revenue was down 16.0% on a year-over-year basis. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

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.