Bank of America Corp DE Acquires 146,962 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Bank of America Corp DE lifted its holdings in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 50.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 435,909 shares of the company's stock after buying an additional 146,962 shares during the quarter. Bank of America Corp DE owned about 1.15% of AMN Healthcare Services worth $10,427,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock valued at $36,000 after acquiring an additional 377 shares in the last quarter. Blue Trust Inc. lifted its position in shares of AMN Healthcare Services by 46.3% during the fourth 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. KBC Group NV grew its stake in shares of AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company's stock valued at $59,000 after purchasing an additional 1,303 shares during the last quarter. Covestor Ltd increased its holdings 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 in the last quarter. Finally, Quarry LP increased its holdings in shares of AMN Healthcare Services by 180.4% in the fourth quarter. Quarry LP now owns 5,624 shares of the company's stock valued at $135,000 after purchasing an additional 3,618 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Trading Up 3.3%

NYSE AMN traded up $0.68 on Tuesday, reaching $21.45. The company had a trading volume of 556,637 shares, compared to its average volume of 914,502. AMN Healthcare Services, Inc. has a 52 week low of $17.45 and a 52 week high of $70.07. The stock's 50 day moving average is $21.02 and its 200-day moving average is $24.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market cap of $821.33 million, a price-to-earnings ratio of -5.57 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.26. The company had revenue of $689.53 million during the quarter, compared to analysts' expectations of $670.08 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. AMN Healthcare Services's revenue was down 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. Equities analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Truist Financial cut their price target on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. UBS Group lowered their price objective on 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. JMP Securities reissued a "market outperform" rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. Finally, Wall Street Zen raised shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, AMN Healthcare Services has a consensus 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.