New South Capital Management Inc. increased its position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 13.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 579,400 shares of the company's stock after buying an additional 66,812 shares during the period. New South Capital Management Inc. owned about 1.52% of AMN Healthcare Services worth $14,172,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC boosted its stake in shares of 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 during the period. Jones Financial Companies Lllp lifted its holdings in AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after purchasing an additional 377 shares in the last quarter. LRI Investments LLC lifted its holdings in AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company's stock worth $39,000 after purchasing an additional 1,274 shares in the last quarter. Covestor Ltd boosted its stake in AMN Healthcare Services by 41.0% in the 4th quarter. Covestor Ltd now owns 2,914 shares of the company's stock worth $70,000 after purchasing an additional 848 shares during the period. Finally, GAMMA Investing LLC grew its holdings in AMN Healthcare Services by 74.9% during the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock valued at $129,000 after buying an additional 2,260 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.
AMN Healthcare Services Price Performance
Shares of NYSE:AMN traded down $0.09 on Friday, reaching $21.92. The company's stock had a trading volume of 367,630 shares, compared to its average volume of 896,338. The company has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $23.13. AMN Healthcare Services Inc has a 52-week low of $17.45 and a 52-week high of $70.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $839.10 million, a P/E ratio of -5.06 and a beta of 0.18.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.26. AMN Healthcare Services had a negative net margin of 5.80% and a positive return on equity of 13.39%. The firm had revenue of $689.53 million during the quarter, compared to the consensus estimate of $670.08 million. During the same quarter last year, the firm earned $0.97 EPS. The firm's revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, equities research analysts anticipate that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Truist Financial lowered their target price on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. UBS Group decreased 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 note on Tuesday, May 13th. Finally, Wall Street Zen upgraded AMN Healthcare Services from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $32.08.
Check Out Our Latest Report on AMN
About AMN Healthcare Services
(
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.
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