Algert Global LLC Purchases 315,809 Shares of AMN Healthcare Services Inc $AMN

Key Points

• Algert Global LLC increased its investment in AMN Healthcare Services Inc by 683.4%, owning 362,019 shares valued at approximately $8.86 million as of the latest SEC filing.
• Several research analysts have recently downgraded their price targets for AMN Healthcare, with JMP Securities and BMO Capital Markets now both setting targets at $22.00.
• AMN Healthcare Services reported an earnings per share of $0.30, exceeding analyst expectations, but its revenue declined by 11.1% year-over-year to $658.18 million.

Algert Global LLC increased its position in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 683.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,019 shares of the company's stock after acquiring an additional 315,809 shares during the period. Algert Global LLC owned about 0.95% of AMN Healthcare Services worth $8,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AMN. Newtyn Management LLC acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth approximately $28,417,000. Voloridge Investment Management LLC acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth approximately $12,685,000. Pacer Advisors Inc. acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth approximately $11,831,000. Two Sigma Investments LP boosted its position in shares of AMN Healthcare Services by 228.8% during the 4th quarter. Two Sigma Investments LP now owns 532,694 shares of the company's stock worth $12,742,000 after acquiring an additional 370,691 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its position in shares of AMN Healthcare Services by 406.3% during the 4th quarter. Invenomic Capital Management LP now owns 401,807 shares of the company's stock worth $9,611,000 after acquiring an additional 322,445 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

AMN Healthcare Services Stock Up 5.3%

AMN traded up $1.0320 during midday trading on Friday, hitting $20.6820. The company had a trading volume of 947,127 shares, compared to its average volume of 895,244. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $54.01. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $792.53 million, a price-to-earnings ratio of -2.66 and a beta of 0.10. The stock's 50 day moving average price is $20.07 and its 200 day moving average price is $21.65.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.13. The firm had revenue of $658.18 million during the quarter, compared to analysts' expectations of $652.89 million. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The business's revenue was down 11.1% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMN shares. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, August 11th. JMP Securities lowered their target price on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. Finally, UBS Group lowered their target price on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AMN Healthcare Services presently has a consensus rating of "Hold" and a consensus target price of $28.25.

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.