AMN Healthcare Services, Inc. (NYSE:AMN) Holdings Lowered by Comerica Bank

Comerica Bank decreased its position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 62.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,071 shares of the company's stock after selling 28,659 shares during the quarter. Comerica Bank's holdings in AMN Healthcare Services were worth $408,000 as of its most recent SEC filing.

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

AMN Healthcare Services Trading Down 1.3%

Shares of AMN Healthcare Services stock traded down $0.29 during mid-day trading on Monday, hitting $22.40. 626,299 shares of the stock were exchanged, compared to its average volume of 917,244. AMN Healthcare Services, Inc. has a twelve month low of $17.45 and a twelve month high of $70.07. The stock has a market capitalization of $857.58 million, a price-to-earnings ratio of -5.82 and a beta of 0.16. The company has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $24.74. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping 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 company had revenue of $689.53 million for the quarter, compared to analysts' expectations of $670.08 million. During the same period last year, the company earned $0.97 EPS. The firm's revenue for the quarter was down 16.0% compared to the same quarter last year. Research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMN. UBS Group cut their price target 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. BMO Capital Markets cut their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, February 24th. StockNews.com upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. Truist Financial lowered their price objective on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, JMP Securities reissued a "market outperform" rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $32.08.

AMN Healthcare Services 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.