Algert Global LLC Acquires 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 boosted its position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 683.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 362,019 shares of the company's stock after purchasing 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 SEC.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in AMN Healthcare Services by 34.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company's stock valued at $370,000 after purchasing an additional 3,880 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in AMN Healthcare Services during the first quarter worth approximately $592,000. Golden State Wealth Management LLC lifted its position in AMN Healthcare Services by 107.0% during the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock worth $28,000 after acquiring an additional 599 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in AMN Healthcare Services during the first quarter worth approximately $1,581,000. Finally, GAMMA Investing LLC lifted its position in AMN Healthcare Services by 74.9% during the first quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock worth $129,000 after acquiring an additional 2,260 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMN shares. UBS Group cut 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 research report on Tuesday, May 13th. JMP Securities cut their price objective on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a research report on Tuesday, August 12th. Finally, BMO Capital Markets cut their price objective on shares of AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $28.25.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock traded up $1.0320 during mid-day trading on Friday, reaching $20.6820. 947,412 shares of the company were exchanged, compared to its average volume of 1,131,064. The firm has a market cap of $792.53 million, a PE ratio of -2.66 and a beta of 0.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.00. The company has a fifty day simple moving average of $20.05 and a 200-day simple moving average of $21.61. AMN Healthcare Services Inc has a 12 month low of $14.86 and a 12 month high of $54.01.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share 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 the consensus estimate of $652.89 million. AMN Healthcare Services had a positive return on equity of 11.09% and a negative net margin of 10.75%.The company's revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. AMN Healthcare Services has set its Q3 2025 guidance at 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.

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.