Hsbc Holdings PLC Takes Position in AMN Healthcare Services Inc $AMN

Key Points

• HSBC Holdings PLC acquired 15,714 shares of AMN Healthcare Services Inc, valued at approximately $381,000, during the first quarter of the year.
• AMN Healthcare Services reported earnings of $0.30 per share, exceeding analyst estimates, although the company saw an 11.1% decline in revenue year-over-year.
• Wall Street analysts have adjusted their price targets for AMN Healthcare Services, with the average price target set at $28.25, reflecting a mixed sentiment with ratings ranging from Buy to Sell.

Hsbc Holdings PLC bought a new stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,714 shares of the company's stock, valued at approximately $381,000.

Several other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in shares of AMN Healthcare Services by 107.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock valued at $28,000 after purchasing an additional 599 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in AMN Healthcare Services by 3,142.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock valued at $37,000 after purchasing an additional 1,477 shares in the last quarter. LRI Investments LLC boosted its holdings in AMN Healthcare Services by 368.2% during the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company's stock worth $39,000 after acquiring an additional 1,274 shares during the last quarter. Covestor Ltd boosted its holdings in shares of AMN Healthcare Services by 59.6% in the 1st quarter. Covestor Ltd now owns 4,650 shares of the company's stock worth $114,000 after buying an additional 1,736 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of AMN Healthcare Services by 74.9% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock worth $129,000 after buying an additional 2,260 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMN shares. JMP Securities dropped their price objective on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 12th. BMO Capital Markets decreased their price target on AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, August 11th. Finally, UBS Group decreased their price target 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. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, AMN Healthcare Services has an average rating of "Hold" and a consensus price target of $28.25.

AMN Healthcare Services Price Performance

Shares of AMN stock traded up $0.53 during trading on Friday, hitting $20.76. The company had a trading volume of 873,658 shares, compared to its average volume of 888,271. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. The stock's 50-day moving average is $19.81 and its two-hundred day moving average is $21.35. The stock has a market capitalization of $795.72 million, a price-to-earnings ratio of -2.67 and a beta of 0.12. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $52.51.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. The company had revenue of $658.18 million for the quarter, compared to analysts' expectations of $652.89 million. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. AMN Healthcare Services's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. As a group, analysts predict that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

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.