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Natixis Advisors LLC Takes $410,000 Position in AMN Healthcare Services Inc (NYSE:AMN)

AMN Healthcare Services logo with Medical background

Key Points

  • Natixis Advisors LLC made a new investment in AMN Healthcare Services, acquiring 16,742 shares valued at approximately $410,000 in the first quarter of 2023.
  • AMN Healthcare Services' stock has seen a decline of 4.6%, with the current price opening at $16.46 and a market cap of $629.90 million.
  • In recent analyst evaluations, target prices for AMN Healthcare Services have been adjusted downwards, with UBS Group lowering their target price to $25.50 and rating the stock as "neutral."
  • Looking to export and analyze AMN Healthcare Services data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Natixis Advisors LLC bought a new stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,742 shares of the company's stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cresset Asset Management LLC grew its position in AMN Healthcare Services by 5.6% in the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock worth $257,000 after acquiring an additional 566 shares in the last quarter. Golden State Wealth Management LLC grew its position 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 worth $28,000 after acquiring an additional 599 shares in the last quarter. Covestor Ltd grew its position in AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company's stock worth $70,000 after acquiring an additional 848 shares in the last quarter. MetLife Investment Management LLC grew its position in AMN Healthcare Services by 4.4% in the fourth quarter. MetLife Investment Management LLC now owns 23,608 shares of the company's stock worth $565,000 after acquiring an additional 999 shares in the last quarter. Finally, First National Advisers LLC grew its position in AMN Healthcare Services by 7.8% in the first quarter. First National Advisers LLC now owns 14,068 shares of the company's stock worth $344,000 after acquiring an additional 1,020 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

Shares of AMN traded up $1.00 during mid-day trading on Wednesday, hitting $18.64. The company's stock had a trading volume of 1,433,919 shares, compared to its average volume of 979,507. AMN Healthcare Services Inc has a one year low of $14.86 and a one year high of $54.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.00. The firm has a market capitalization of $714.28 million, a PE ratio of -2.40 and a beta of 0.10. The stock's 50-day moving average is $20.30 and its two-hundred day moving average is $21.98.

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, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $652.89 million. During the same period in the prior year, the business earned $0.98 earnings per share. AMN Healthcare Services's revenue for the quarter was down 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMN Healthcare Services Inc will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial decreased their target price on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JMP Securities dropped their price target 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. UBS Group dropped their price target on shares of 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. Finally, BMO Capital Markets set a $22.00 price target on shares of AMN Healthcare Services and gave the company an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.25.

View Our Latest Stock Analysis on AMN

AMN Healthcare Services Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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