Koss Olinger Consulting LLC Purchases 53,314 Shares of AMN Healthcare Services Inc (NYSE:AMN)

Key Points

• Koss Olinger Consulting LLC increased its stake in AMN Healthcare Services by 315.9%, bringing its total shares to 70,191, valued at approximately $1.717 million.
• AMN Healthcare reported earnings of $0.30 per share for the last quarter, exceeding forecasts, though revenue decreased 11.1% year-over-year to $658.18 million.
• Analysts have reduced their price targets for AMN Healthcare, with consensus now at $32.08 and a majority rating the stock as a "Hold."

Koss Olinger Consulting LLC grew its stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 315.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,191 shares of the company's stock after buying an additional 53,314 shares during the quarter. Koss Olinger Consulting LLC owned 0.18% of AMN Healthcare Services worth $1,717,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC raised its position in 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 worth $28,000 after acquiring an additional 599 shares in the last quarter. LRI Investments LLC raised its position in shares of AMN Healthcare Services by 368.2% in the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company's stock valued at $39,000 after purchasing an additional 1,274 shares during the period. Covestor Ltd raised its position 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 valued at $70,000 after purchasing an additional 848 shares during the period. GAMMA Investing LLC raised its position in shares of AMN Healthcare Services by 74.9% in the first quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock valued at $129,000 after purchasing an additional 2,260 shares during the period. Finally, NBC Securities Inc. raised its position in shares of AMN Healthcare Services by 109,000.0% in the first quarter. NBC Securities Inc. now owns 5,455 shares of the company's stock valued at $133,000 after purchasing an additional 5,450 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

AMN Healthcare Services Stock Up 5.2%

NYSE AMN traded up $0.92 during mid-day trading on Wednesday, hitting $18.56. The company's stock had a trading volume of 754,397 shares, compared to its average volume of 877,379. The company's 50 day simple moving average is $20.32 and its 200 day simple moving average is $22.00. AMN Healthcare Services Inc has a twelve month low of $14.86 and a twelve month high of $54.01. The company has a current ratio of 1.00, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $711.03 million, a price-to-earnings ratio of -2.38 and a beta of 0.10.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (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 business had revenue of $658.18 million during the quarter, compared to the consensus estimate of $652.89 million. During the same quarter last year, the firm posted $0.98 EPS. AMN Healthcare Services's revenue was down 11.1% compared to the same quarter last year. Analysts anticipate that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMN shares. BMO Capital Markets set a $22.00 price target on shares of AMN Healthcare Services and gave the stock an "outperform" rating in a research report on Monday. Truist Financial dropped 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 report on Tuesday, April 15th. JMP Securities dropped their price objective on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a report on Tuesday. Finally, UBS Group lowered their price target on shares of 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 analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $28.25.

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.