CenterBook Partners LP Buys 98,483 Shares of 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 grew its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 184.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,834 shares of the company's stock after buying an additional 98,483 shares during the period. CenterBook Partners LP owned 0.40% of AMN Healthcare Services worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC grew its position in AMN Healthcare Services by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company's stock worth $370,000 after buying an additional 3,880 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of AMN Healthcare Services during the 1st quarter worth about $592,000. Golden State Wealth Management LLC increased its holdings in shares of AMN Healthcare Services by 107.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock worth $28,000 after purchasing an additional 599 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of AMN Healthcare Services during the 1st quarter valued at about $1,581,000. Finally, GAMMA Investing LLC boosted its position in shares of AMN Healthcare Services by 74.9% during 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 in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

AMN Healthcare Services Trading Down 4.2%

NYSE:AMN traded down $0.73 during trading hours on Monday, hitting $16.52. The stock had a trading volume of 469,991 shares, compared to its average volume of 866,378. AMN Healthcare Services Inc has a one year low of $14.86 and a one year high of $59.19. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.00. The company has a market cap of $632.28 million, a price-to-earnings ratio of -2.13 and a beta of 0.10. The business's 50 day moving average is $20.45 and its 200-day moving average is $22.11.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.17 by $0.13. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The firm had revenue of $658.18 million during the quarter, compared to the consensus estimate of $652.89 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business's quarterly revenue was down 11.1% on a year-over-year basis. Sell-side analysts anticipate that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on AMN. UBS Group reduced their price target on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Truist Financial lowered their price objective on shares of 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. Finally, BMO Capital Markets set a $22.00 target price on shares of AMN Healthcare Services and gave the stock an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $30.25.

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.