FORA Capital LLC Trims Stock Position in AMN Healthcare Services Inc $AMN

Key Points

• FORA Capital LLC reduced its stake in AMN Healthcare Services by 43.9%, now holding 17,083 shares valued at $418,000.
• AMN Healthcare Services reported a 30 cents earnings per share for its most recent quarter, surpassing analyst expectations of 17 cents, but faced an 11.1% year-over-year revenue decline.
• Analysts have recently lowered their price targets for AMN Healthcare Services, with UBS reducing it from $30 to $25.50, leading to an average consensus target of $28.25.

FORA Capital LLC cut its stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 43.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,083 shares of the company's stock after selling 13,389 shares during the quarter. FORA Capital LLC's holdings in AMN Healthcare Services were worth $418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of AMN Healthcare Services by 107.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock valued at $28,000 after acquiring an additional 599 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of AMN Healthcare Services by 3,142.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock valued at $37,000 after acquiring an additional 1,477 shares during the period. LRI Investments LLC increased its holdings in shares of AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company's stock valued at $39,000 after acquiring an additional 1,274 shares during the period. Covestor Ltd increased its holdings in shares of AMN Healthcare Services by 59.6% in the 1st quarter. Covestor Ltd now owns 4,650 shares of the company's stock valued at $114,000 after acquiring an additional 1,736 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of AMN Healthcare Services by 74.9% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock valued at $129,000 after acquiring an additional 2,260 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AMN Healthcare Services Stock Performance

Shares of AMN traded down $0.26 during trading hours on Tuesday, reaching $20.52. 244,426 shares of the company traded hands, compared to its average volume of 889,721. The stock has a market capitalization of $786.33 million, a P/E ratio of -2.64 and a beta of 0.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. AMN Healthcare Services Inc has a 12-month low of $14.86 and a 12-month high of $53.78. The business has a fifty day moving average price of $19.88 and a 200-day moving average price of $21.39.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. Equities analysts anticipate that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal 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.