Harbor Capital Advisors Inc. Reduces Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Harbor Capital Advisors Inc. lessened its stake in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,150 shares of the company's stock after selling 18,308 shares during the quarter. Harbor Capital Advisors Inc. owned 0.16% of AMN Healthcare Services worth $1,496,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. boosted its position in AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock worth $57,000 after purchasing an additional 754 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of AMN Healthcare Services by 3.2% in the 4th quarter. Rhumbline Advisers now owns 113,637 shares of the company's stock valued at $2,718,000 after purchasing an additional 3,557 shares during the period. Principal Financial Group Inc. boosted its holdings in AMN Healthcare Services by 5.1% during the fourth quarter. Principal Financial Group Inc. now owns 237,890 shares of the company's stock worth $5,690,000 after buying an additional 11,586 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in AMN Healthcare Services during the fourth quarter valued at $1,070,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in AMN Healthcare Services during the fourth quarter valued at $863,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN traded down $0.07 during trading on Friday, reaching $21.55. The stock had a trading volume of 413,830 shares, compared to its average volume of 915,124. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. AMN Healthcare Services, Inc. has a 1-year low of $17.45 and a 1-year high of $70.07. The stock has a market cap of $825.04 million, a PE ratio of -5.60 and a beta of 0.19. The business has a fifty day moving average price of $20.51 and a 200-day moving average price of $23.66.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.26. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The company had revenue of $689.53 million for the quarter, compared to analyst estimates of $670.08 million. During the same quarter last year, the firm posted $0.97 EPS. The firm's revenue for the quarter was down 16.0% on a year-over-year basis. On average, equities analysts forecast 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 brokerages have weighed in on AMN. UBS Group decreased their price objective on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. BMO Capital Markets lowered their price target on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Truist Financial dropped their price objective on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Wall Street Zen raised AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. 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 company's stock. According to data from MarketBeat.com, AMN Healthcare Services presently has a consensus rating of "Hold" and a consensus price target of $32.08.

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.