Northern Trust Corp Lowers Stock Holdings in 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 trimmed its position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 452,836 shares of the company's stock after selling 188,270 shares during the period. Northern Trust Corp owned about 1.19% of AMN Healthcare Services worth $11,076,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Algert Global LLC boosted its holdings in AMN Healthcare Services by 683.4% in the 1st quarter. Algert Global LLC now owns 362,019 shares of the company's stock worth $8,855,000 after buying an additional 315,809 shares during the last quarter. American Century Companies Inc. grew its position in AMN Healthcare Services by 9.7% in the first quarter. American Century Companies Inc. now owns 75,945 shares of the company's stock worth $1,858,000 after acquiring an additional 6,699 shares during the period. Fox Run Management L.L.C. lifted its stake in AMN Healthcare Services by 89.6% during the first quarter. Fox Run Management L.L.C. now owns 29,448 shares of the company's stock worth $720,000 after purchasing an additional 13,917 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in AMN Healthcare Services by 3,142.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock worth $37,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in AMN Healthcare Services by 11.9% during the first quarter. Russell Investments Group Ltd. now owns 212,312 shares of the company's stock worth $5,193,000 after purchasing an additional 22,578 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN traded down $0.27 during midday trading on Tuesday, reaching $20.77. 241,821 shares of the company were exchanged, compared to its average volume of 883,263. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51. AMN Healthcare Services Inc has a 1 year low of $14.86 and a 1 year high of $48.49. The stock has a fifty day simple moving average of $19.81 and a 200 day simple moving average of $21.24. The stock has a market cap of $795.91 million, a P/E ratio of -2.68 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.13. The firm had revenue of $658.18 million for the quarter, compared to analyst estimates of $652.89 million. AMN Healthcare Services had a positive return on equity of 11.09% and a negative net margin of 10.75%.The business's revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. On average, research analysts forecast that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of research reports. JMP Securities decreased their price target on AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. UBS Group decreased their price target on 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, BMO Capital Markets decreased their price target on AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of "Hold" and an average price target of $28.25.

AMN Healthcare Services Profile

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.