Millennium Management LLC Has $26.84 Million Stock Position in AMN Healthcare Services Inc $AMN

Key Points

• Millennium Management LLC increased its holdings in AMN Healthcare Services by 137.5% during the first quarter, owning over 1 million shares valued at approximately $26.8 million.
• AMN Healthcare Services' stock price has recently decreased by 3.4% and currently trades at around $18.93, significantly lower than its 1-year high of $48.49.
• The company reported earnings of $0.30 per share for the last quarter, surpassing estimates, but experienced an 11.1% decline in revenue year-over-year.

Millennium Management LLC raised its holdings in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 137.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,097,482 shares of the company's stock after purchasing an additional 635,296 shares during the quarter. Millennium Management LLC owned 2.87% of AMN Healthcare Services worth $26,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMN. Golden State Wealth Management LLC raised 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 acquiring an additional 599 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of AMN Healthcare Services by 3,142.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock worth $37,000 after buying an additional 1,477 shares during the period. Caption Management LLC increased its position in shares of AMN Healthcare Services by 400.0% in the 1st quarter. Caption Management LLC now owns 2,500 shares of the company's stock valued at $61,000 after purchasing an additional 2,000 shares during the last quarter. Covestor Ltd increased its position 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 valued at $114,000 after purchasing an additional 1,736 shares during the last quarter. Finally, GAMMA Investing LLC increased its position 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 valued at $129,000 after purchasing an additional 2,260 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock traded up $0.79 during mid-day trading on Wednesday, hitting $19.28. 334,695 shares of the company were exchanged, compared to its average volume of 904,854. The business has a fifty day moving average of $19.47 and a 200 day moving average of $20.97. AMN Healthcare Services Inc has a 1-year low of $14.86 and a 1-year high of $48.49. The company has a market capitalization of $738.69 million, a PE ratio of -2.48 and a beta of 0.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.

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

Analyst Ratings Changes

AMN has been the topic of a number of recent analyst reports. JMP Securities dropped their target price on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Bank of America decreased their price target on AMN Healthcare Services from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Wednesday, September 10th. Finally, BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.25.

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.