Northern Trust Corp Sells 188,270 Shares of AMN Healthcare Services Inc $AMN

Key Points

• Northern Trust Corp reduced its stake in AMN Healthcare Services Inc by 29.4%, selling 188,270 shares to end the first quarter with 452,836 shares valued at approximately $11.08 million.
• Analysts from BMO Capital Markets, UBS Group, and JMP Securities have all cut their price targets for AMN Healthcare Services, with consensus estimates now ranging from $22.00 to $25.50.
• AMN Healthcare Services reported $0.30 earnings per share for the last quarter, exceeding analysts’ estimates of $0.17, despite a year-over-year revenue decline of 11.1%.

Northern Trust Corp lessened its position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 29.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 452,836 shares of the company's stock after selling 188,270 shares during the quarter. Northern Trust Corp owned approximately 1.19% of AMN Healthcare Services worth $11,076,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMN. Golden State Wealth Management LLC raised its position in AMN Healthcare Services by 107.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock valued at $28,000 after buying an additional 599 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in AMN Healthcare Services by 3,142.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock valued at $37,000 after purchasing an additional 1,477 shares in the last quarter. LRI Investments LLC grew its stake in AMN Healthcare Services by 368.2% in the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company's stock valued at $39,000 after purchasing an additional 1,274 shares in the last quarter. Covestor Ltd grew its stake in AMN Healthcare Services by 59.6% in the first quarter. Covestor Ltd now owns 4,650 shares of the company's stock valued at $114,000 after purchasing an additional 1,736 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake 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 in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AMN shares. BMO Capital Markets decreased their price target on AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, August 11th. Bank of America decreased their price target on AMN Healthcare Services from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Wednesday. JMP Securities decreased their price target on AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. Finally, UBS Group reduced their target price on 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. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.25.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN traded down $1.27 during midday trading on Wednesday, hitting $19.56. 1,485,285 shares of the company's stock were exchanged, compared to its average volume of 891,891. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. AMN Healthcare Services Inc has a 12 month low of $14.86 and a 12 month high of $48.49. The company's 50 day moving average price is $19.74 and its 200 day moving average price is $21.22. The firm has a market capitalization of $749.39 million, a PE ratio of -2.52 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping 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 the consensus estimate of $652.89 million. During the same period in the previous year, the company posted $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. As a group, analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal 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.