CenterBook Partners LP Boosts Stock Position in AMN Healthcare Services Inc (NYSE:AMN)

Key Points

• CenterBook Partners LP has significantly increased its stake in AMN Healthcare Services Inc by 184.6% during the 1st quarter, now owning approximately 0.40% of the company valued at $3.7 million.
• The company's stock is currently down 1.6%, trading at $17.22, with a market capitalization of $659.07 million and a reported negative net margin of 5.80%.
• Analysts project AMN will post an earnings per share of 1.33 for the current fiscal year, with ratings showing a consensus average of "Hold" and a price target of $32.08.

CenterBook Partners LP lifted its holdings in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 184.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,834 shares of the company's stock after purchasing an additional 98,483 shares during the quarter. CenterBook Partners LP owned about 0.40% of AMN Healthcare Services worth $3,714,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cresset Asset Management LLC raised its holdings in shares of AMN Healthcare Services by 5.6% during the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock valued at $257,000 after acquiring an additional 566 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of 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 valued at $28,000 after acquiring an additional 599 shares during the last quarter. Covestor Ltd raised its holdings in shares of AMN Healthcare Services by 41.0% during the fourth quarter. Covestor Ltd now owns 2,914 shares of the company's stock valued at $70,000 after acquiring an additional 848 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of AMN Healthcare Services by 4.4% during the fourth quarter. MetLife Investment Management LLC now owns 23,608 shares of the company's stock valued at $565,000 after acquiring an additional 999 shares during the last quarter. Finally, First National Advisers LLC raised its holdings in shares of AMN Healthcare Services by 7.8% during the first quarter. First National Advisers LLC now owns 14,068 shares of the company's stock valued at $344,000 after acquiring an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

AMN Healthcare Services Trading Up 2.3%

AMN traded up $0.39 during trading hours on Friday, reaching $17.31. The company's stock had a trading volume of 2,129,432 shares, compared to its average volume of 808,561. The stock has a market cap of $662.63 million, a PE ratio of -2.23 and a beta of 0.10. AMN Healthcare Services Inc has a fifty-two week low of $14.86 and a fifty-two week high of $62.21. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 1.08. The business's 50-day moving average is $20.45 and its 200-day moving average is $22.18.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.13. AMN Healthcare Services had a positive return on equity of 10.51% and a negative net margin of 10.75%. The company had revenue of $658.18 million for the quarter, compared to analysts' expectations of $652.89 million. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm's revenue was down 11.1% compared to the same quarter last year. As a group, equities research analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMN shares. Truist Financial reduced their target price on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. UBS Group reduced their target price on AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.