Ameriprise Financial Inc. lowered its position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 42.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,592 shares of the company's stock after selling 69,858 shares during the quarter. Ameriprise Financial Inc. owned 0.25% of AMN Healthcare Services worth $2,263,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Equitable Trust Co. lifted its holdings in AMN Healthcare Services by 125.4% in the 4th quarter. Equitable Trust Co. now owns 21,526 shares of the company's stock worth $515,000 after buying an additional 11,974 shares in the last quarter. Thompson Investment Management Inc. raised its stake in shares of AMN Healthcare Services by 381.8% in the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company's stock valued at $7,095,000 after purchasing an additional 235,067 shares in the last quarter. Barclays PLC raised its stake in shares of AMN Healthcare Services by 279.2% in the 3rd quarter. Barclays PLC now owns 91,801 shares of the company's stock valued at $3,891,000 after purchasing an additional 67,595 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of AMN Healthcare Services by 98.8% in the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock valued at $26,367,000 after purchasing an additional 550,427 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of AMN Healthcare Services by 92.4% in the 4th quarter. Invesco Ltd. now owns 388,564 shares of the company's stock valued at $9,294,000 after purchasing an additional 186,630 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.
AMN Healthcare Services Price Performance
Shares of NYSE:AMN remained flat at $21.09 during trading on Friday. 868,983 shares of the company were exchanged, compared to its average volume of 914,649. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. AMN Healthcare Services, Inc. has a twelve month low of $17.45 and a twelve month high of $70.07. The company's 50 day moving average is $20.78 and its 200 day moving average is $23.95. The stock has a market cap of $807.43 million, a PE ratio of -5.48 and a beta of 0.16.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.45 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 firm had revenue of $689.53 million during the quarter, compared to analysts' expectations of $670.08 million. During the same quarter in the prior year, the firm earned $0.97 EPS. AMN Healthcare Services's quarterly revenue was down 16.0% on a year-over-year basis. Equities research analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. UBS Group cut their target price on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. JMP Securities restated a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Wall Street Zen upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, Truist Financial cut their target price 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $32.08.
View Our Latest Stock Report on AMN
About AMN Healthcare Services
(
Free Report)
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.
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