Bank of New York Mellon Corp Makes New Investment in AMN Healthcare Services Inc $AMN

Key Points

• Bank of New York Mellon purchased 245,855 AMN Healthcare shares worth approximately $7.96 million, representing 0.63% of the company. Institutional investors collectively own 99.23% of AMN’s outstanding stock.
• AMN Healthcare exceeded quarterly expectations, reporting $0.77 in EPS versus the $0.19 consensus estimate and $673.2 million in revenue, up 2.3% year over year.
• Despite some upward revisions to near-term EPS forecasts, analysts maintain a consensus “Hold” rating, with a $31.43 target price versus the stock’s recent $33.30 price; longer-term earnings estimates were reduced.

Bank of New York Mellon Corp purchased a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 245,855 shares of the company's stock, valued at approximately $7,958,000. Bank of New York Mellon Corp owned 0.63% of AMN Healthcare Services as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Summit Securities Group LLC purchased a new stake in AMN Healthcare Services during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc raised its holdings in AMN Healthcare Services by 41.8% in the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock worth $38,000 after purchasing an additional 345 shares during the period. Johnson Financial Group Inc. bought a new position in AMN Healthcare Services in the 3rd quarter worth $63,000. Tower Research Capital LLC TRC lifted its position in AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock valued at $64,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Strs Ohio purchased a new position in AMN Healthcare Services during the first quarter valued at $95,000. Institutional investors own 99.23% of the company's stock.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the sale, the director owned 17,917 shares of the company's stock, valued at $556,681.19. The trade was a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by corporate insiders.

AMN Healthcare Services Stock Performance

AMN opened at $33.30 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.15 and a beta of 0.38. The company has a fifty day moving average of $33.78 and a 200 day moving average of $27.05. AMN Healthcare Services Inc has a fifty-two week low of $14.97 and a fifty-two week high of $37.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.19 by $0.58. The business had revenue of $673.24 million for the quarter, compared to analysts' expectations of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. As a group, sell-side analysts forecast that AMN Healthcare Services Inc will post 3.32 earnings per share for the current fiscal year.

Key Headlines Impacting AMN Healthcare Services

Here are the key news stories impacting AMN Healthcare Services this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $0.21 from $0.20, lifted Q4 2026 EPS to $0.17 from $0.15, and increased its FY2026 estimate to $3.25 from $3.22.
• Positive Sentiment: The research firm also raised Q3 2027 EPS expectations to $0.33 from $0.31 and Q4 2027 EPS to $0.31 from $0.29, indicating some improvement in selected future quarters.
• Neutral Sentiment: Brokerages continue to rate AMN Healthcare Services an average “Hold,” signaling limited conviction that the current valuation warrants an upgrade. AMN Healthcare Services Given Average Recommendation of Hold by Brokerages
• Neutral Sentiment: The broader consensus remains approximately $3.31–$3.32 in current-year EPS, compared with AMN’s recent quarterly performance of $0.77 EPS and $673.2 million in revenue, which exceeded analyst expectations.
• Negative Sentiment: Zacks lowered its Q1 2027 EPS forecast to $0.17 from $0.18 and Q2 2027 to $0.24 from $0.26, pointing to weaker expectations for the first half of 2027.
• Negative Sentiment: Longer-term estimates were also reduced: Q1 2028 EPS fell to $0.24 from $0.30, and FY2028 EPS declined to $1.36 from $1.40. These cuts may weigh on investor sentiment despite the near-term upgrades.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMN. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research report on Friday, August 7th. Wall Street Zen cut AMN Healthcare Services from a "buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Citizens Jmp boosted their price objective on AMN Healthcare Services from $36.00 to $40.00 and gave the company a "market outperform" rating in a research note on Friday, August 14th. Citigroup reissued an "outperform" rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Finally, Weiss Ratings raised shares of AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, AMN Healthcare Services currently has a consensus rating of "Hold" and a consensus target price of $31.43.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc NYSE: AMN is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.

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