Pacer Advisors Inc. Takes Position in AMN Healthcare Services Inc (NYSE:AMN)

Key Points

• Pacer Advisors Inc. acquired 483,676 shares of AMN Healthcare Services, valued at approximately $11.83 million, representing a 1.27% ownership in the company at the end of the reporting period.
• AMN Healthcare Services reported an earnings per share (EPS) of $0.45 for the latest quarter, exceeding expectations and resulting in a 16% year-over-year revenue decline.
• Analyst ratings for AMN Healthcare Services are mixed, with a consensus rating of "Hold" and target prices lowered to an average of $25.50 to $32.08.

Pacer Advisors Inc. acquired a new position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 483,676 shares of the company's stock, valued at approximately $11,831,000. Pacer Advisors Inc. owned approximately 1.27% of AMN Healthcare Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC raised its position in shares of 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 in the last quarter. LRI Investments LLC raised its position in shares of 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 position in shares of AMN Healthcare Services by 41.0% in the 4th quarter. Covestor Ltd now owns 2,914 shares of the company's stock valued at $70,000 after buying an additional 848 shares in the last quarter. GAMMA Investing LLC raised its position in shares of AMN Healthcare Services by 74.9% in 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. Finally, NBC Securities Inc. raised its position in shares of AMN Healthcare Services by 109,000.0% in the 1st quarter. NBC Securities Inc. now owns 5,455 shares of the company's stock valued at $133,000 after buying an additional 5,450 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

AMN Healthcare Services Trading Down 2.7%

AMN traded down $0.53 during trading on Wednesday, reaching $18.82. 144,549 shares of the company's stock were exchanged, compared to its average volume of 851,627. AMN Healthcare Services Inc has a one year low of $17.45 and a one year 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. The stock has a market capitalization of $720.33 million, a PE ratio of -4.35 and a beta of 0.18. The firm has a fifty day moving average price of $21.03 and a two-hundred day moving average price of $22.64.

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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $670.08 million. During the same period in the previous year, the firm posted $0.97 EPS. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMN. Truist Financial dropped their target price on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. UBS Group dropped 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 research report on Tuesday, May 13th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.08.

AMN Healthcare Services Company 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.