Comerica Bank Reduces Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Comerica Bank decreased its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 62.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMN. Jones Financial Companies Lllp boosted its stake in AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after buying an additional 377 shares in the last quarter. Blue Trust Inc. boosted its stake in AMN Healthcare Services by 46.3% in 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 in the last quarter. KBC Group NV boosted its stake in AMN Healthcare Services by 110.9% in 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 in the last quarter. Covestor Ltd boosted its stake in AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company's stock worth $70,000 after buying an additional 848 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of AMN Healthcare Services by 180.4% during 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. Hedge funds and other institutional investors own 99.23% of the company's stock.

Analyst Ratings Changes

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

AMN Healthcare Services Stock Down 1.7%

AMN traded down $0.38 during trading on Wednesday, reaching $22.56. The stock had a trading volume of 17,765 shares, compared to its average volume of 913,761. The stock's 50 day moving average is $21.33 and its two-hundred day moving average is $24.62. 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 company has a market capitalization of $863.71 million, a price-to-earnings ratio of -5.86 and a beta of 0.16. AMN Healthcare Services, Inc. has a one year low of $17.45 and a one year high of $70.07.

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

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.