Federated Hermes Inc. Has $3.91 Million Holdings in AMN Healthcare Services Inc (NYSE:AMN)

Federated Hermes Inc. lowered its stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 56.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,955 shares of the company's stock after selling 209,030 shares during the quarter. Federated Hermes Inc. owned about 0.42% of AMN Healthcare Services worth $3,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Newtyn Management LLC acquired a new stake in AMN Healthcare Services in the fourth quarter valued at approximately $28,417,000. Voloridge Investment Management LLC acquired a new stake in AMN Healthcare Services in the fourth quarter valued at approximately $12,685,000. Pacer Advisors Inc. acquired a new stake in AMN Healthcare Services in the first quarter valued at approximately $11,831,000. Two Sigma Investments LP grew its position in AMN Healthcare Services by 228.8% in the fourth quarter. Two Sigma Investments LP now owns 532,694 shares of the company's stock valued at $12,742,000 after acquiring an additional 370,691 shares in the last quarter. Finally, Invenomic Capital Management LP grew its position in AMN Healthcare Services by 406.3% in the fourth quarter. Invenomic Capital Management LP now owns 401,807 shares of the company's stock valued at $9,611,000 after acquiring an additional 322,445 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on AMN. 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. 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 research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.08.

AMN Healthcare Services Stock Performance

Shares of AMN traded down $0.30 during trading hours on Thursday, reaching $16.92. 1,419,575 shares of the company's stock traded hands, compared to its average volume of 861,024. The firm has a market capitalization of $647.54 million, a price-to-earnings ratio of -3.91 and a beta of 0.10. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 1.08. AMN Healthcare Services Inc has a twelve month low of $16.86 and a twelve month high of $62.43. The business's fifty day simple moving average is $20.61 and its two-hundred day simple moving average is $22.31.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.12. AMN Healthcare Services had a positive return on equity of 13.39% and a negative net margin of 5.80%. Analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

About AMN Healthcare Services

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.