Ameriprise Financial Inc. Has $2.26 Million Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Ameriprise Financial Inc. lowered its holdings in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 42.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,592 shares of the company's stock after selling 69,858 shares during the period. Ameriprise Financial Inc. owned 0.25% of AMN Healthcare Services worth $2,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its position in AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock valued at $36,000 after acquiring an additional 377 shares during the period. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 754 shares in the last quarter. KBC Group NV lifted its stake in shares of 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 acquiring an additional 1,303 shares in the last quarter. Covestor Ltd lifted its stake in shares of 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 acquiring an additional 848 shares in the last quarter. Finally, Quarry LP raised its stake in 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 buying 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 Stock Up 0.6%

Shares of AMN traded up $0.13 during mid-day trading on Tuesday, reaching $20.43. The company's stock had a trading volume of 984,842 shares, compared to its average volume of 914,884. The business has a fifty day moving average of $20.64 and a 200 day moving average of $23.90. The company has a market cap of $782.12 million, a price-to-earnings ratio of -5.31 and a beta of 0.16. AMN Healthcare Services, Inc. has a 1 year low of $17.45 and a 1 year high of $70.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $689.53 million for the quarter, compared to the consensus estimate of $670.08 million. During the same period in the prior year, the business posted $0.97 earnings per share. AMN Healthcare Services's revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMN shares. Wall Street Zen upgraded AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. BMO Capital Markets decreased their price objective 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. JMP Securities restated a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research report on Thursday, February 6th. UBS Group cut their target price on 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. Finally, Truist Financial cut their target price on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.