New South Capital Management Inc. Grows Stock Holdings in AMN Healthcare Services Inc (NYSE:AMN)

New South Capital Management Inc. lifted its holdings in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579,400 shares of the company's stock after acquiring an additional 66,812 shares during the period. New South Capital Management Inc. owned approximately 1.52% of AMN Healthcare Services worth $14,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Golden State Wealth Management LLC increased its stake 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 in the last quarter. Jones Financial Companies Lllp increased its position 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 valued at $36,000 after buying an additional 377 shares in the last quarter. LRI Investments LLC increased its position in AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company's stock valued at $39,000 after buying an additional 1,274 shares in the last quarter. Covestor Ltd raised its stake in AMN Healthcare Services by 41.0% during the 4th quarter. Covestor Ltd now owns 2,914 shares of the company's stock worth $70,000 after buying an additional 848 shares during the period. 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 worth $129,000 after acquiring an additional 2,260 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMN has been the subject of several recent research reports. Truist Financial decreased their price objective on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company 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 for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $32.08.

AMN Healthcare Services Stock Down 0.4%

AMN Healthcare Services stock traded down $0.09 during trading on Friday, hitting $21.92. 367,630 shares of the company were exchanged, compared to its average volume of 894,582. The company has a market capitalization of $839.21 million, a P/E ratio of -5.06 and a beta of 0.18. The business's 50 day moving average is $21.25 and its 200 day moving average is $23.15. AMN Healthcare Services Inc has a 52 week low of $17.45 and a 52 week high of $70.07. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.39.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.26. The firm had revenue of $689.53 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a negative net margin of 5.80% and a positive return on equity of 13.39%. The business's revenue was down 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. Analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

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.