AMN Healthcare Services Inc $AMN Shares Bought by Millennium Management LLC

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

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of AMN Healthcare Services by 34.4% during the first quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company's stock worth $370,000 after purchasing an additional 3,880 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in AMN Healthcare Services in the first quarter valued at $592,000. Golden State Wealth Management LLC boosted its holdings in AMN Healthcare Services by 107.0% in the first 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 during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in AMN Healthcare Services in the first quarter valued at $1,581,000. Finally, GAMMA Investing LLC boosted its holdings in AMN Healthcare Services by 74.9% in the first 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 owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

AMN traded up $0.42 during trading on Tuesday, reaching $18.65. The company's stock had a trading volume of 787,594 shares, compared to its average volume of 904,479. AMN Healthcare Services Inc has a 52-week low of $14.86 and a 52-week high of $48.49. The company's fifty day moving average price is $19.55 and its 200-day moving average price is $20.99. The company has a market capitalization of $714.71 million, a price-to-earnings ratio of -2.40 and a beta of 0.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.00 and a current ratio of 1.00.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings data 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. AMN Healthcare Services had a positive return on equity of 11.09% and a negative net margin of 10.75%.The company had revenue of $658.18 million for the quarter, compared to analyst estimates of $652.89 million. During the same quarter in the previous year, the company earned $0.98 EPS. The firm's revenue for the quarter was down 11.1% compared to the same quarter last year. AMN Healthcare Services has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America lowered their price target on shares of AMN Healthcare Services from $20.00 to $18.00 and set an "underperform" rating on the stock in a report on Wednesday, September 10th. BMO Capital Markets lowered their price target 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. Finally, JMP Securities lowered 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 note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $23.25.

About AMN Healthcare Services

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.