AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Bank of America Corp DE

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Algert Global LLC acquired a new position in AMN Healthcare Services during the 4th quarter valued at about $1,105,000. Aristeia Capital L.L.C. grew its stake in shares of AMN Healthcare Services by 10.2% during the fourth quarter. Aristeia Capital L.L.C. now owns 11,891 shares of the company's stock worth $284,000 after acquiring an additional 1,105 shares during the last quarter. AXA S.A. purchased a new stake in shares of AMN Healthcare Services during the fourth quarter worth about $275,000. 272 Capital LP purchased a new position in shares of AMN Healthcare Services in the 4th quarter valued at approximately $202,000. Finally, Jane Street Group LLC raised its position in shares of AMN Healthcare Services by 16.3% in the 4th quarter. Jane Street Group LLC now owns 164,563 shares of the company's stock valued at $3,936,000 after purchasing an additional 23,045 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

AMN traded down $0.08 during midday trading on Thursday, hitting $21.07. 301,141 shares of the company were exchanged, compared to its average volume of 912,515. The company's 50 day simple moving average is $20.83 and its 200 day simple moving average is $23.99. The firm has a market capitalization of $806.66 million, a price-to-earnings ratio of -5.47 and a beta of 0.16. AMN Healthcare Services, Inc. has a 1-year low of $17.45 and a 1-year high of $70.07. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

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

Analyst Upgrades and Downgrades

AMN has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. UBS Group cut their target price on 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. JMP Securities restated a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Truist Financial dropped 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. Finally, Wall Street Zen upgraded 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 issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $32.08.

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.