Natixis Advisors LLC Makes New $410,000 Investment in AMN Healthcare Services Inc (NYSE:AMN)

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."

Natixis Advisors LLC bought a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,742 shares of the company's stock, valued at approximately $410,000.

Several other large investors have also recently made changes to their positions in the business. First National Advisers LLC lifted its holdings in shares of AMN Healthcare Services by 7.8% during the first quarter. First National Advisers LLC now owns 14,068 shares of the company's stock valued at $344,000 after purchasing an additional 1,020 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $5,460,000. Pacer Advisors Inc. purchased a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $11,831,000. Royce & Associates LP lifted its holdings in shares of AMN Healthcare Services by 12.9% during the first quarter. Royce & Associates LP now owns 223,530 shares of the company's stock valued at $5,468,000 after purchasing an additional 25,618 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $527,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Up 1.3%

NYSE AMN traded up $0.24 during mid-day trading on Friday, reaching $18.91. The stock had a trading volume of 1,070,256 shares, compared to its average volume of 1,045,159. AMN Healthcare Services Inc has a 1 year low of $14.86 and a 1 year high of $54.01. The stock has a market cap of $724.63 million, a PE ratio of -2.43 and a beta of 0.10. The company has a fifty day moving average price of $20.22 and a 200 day moving average price of $21.82. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.08.

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, topping analysts' consensus estimates of $0.17 by $0.13. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The company had revenue of $658.18 million during the quarter, compared to analyst estimates of $652.89 million. During the same period in the previous year, the business earned $0.98 EPS. The firm's revenue for the quarter was down 11.1% on a year-over-year basis. On average, research analysts expect that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BMO Capital Markets set a $22.00 target price on shares of AMN Healthcare Services and gave the company an "outperform" rating in a report on Monday, August 11th. UBS Group lowered their target price on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, JMP Securities decreased their price objective on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $28.25.

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.