Reinhart Partners LLC. Acquires 229,002 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Reinhart Partners LLC. boosted its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 744,943 shares of the company's stock after acquiring an additional 229,002 shares during the period. Reinhart Partners LLC. owned approximately 1.95% of AMN Healthcare Services worth $18,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after acquiring an additional 377 shares in the last quarter. LRI Investments LLC lifted its holdings in AMN Healthcare Services by 368.2% during the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company's stock worth $39,000 after acquiring an additional 1,274 shares in the last quarter. Blue Trust Inc. lifted its holdings in AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock worth $57,000 after acquiring an additional 754 shares in the last quarter. KBC Group NV lifted its holdings in AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company's stock worth $59,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Covestor Ltd raised its stake 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 purchasing an additional 848 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $21.10 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The stock's 50-day simple moving average is $20.43 and its 200 day simple moving average is $23.80. The company has a market cap of $807.85 million, a P/E ratio of -5.48 and a beta of 0.19. AMN Healthcare Services, Inc. has a 52-week low of $17.45 and a 52-week high of $70.07.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.26. The business had revenue of $689.53 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. AMN Healthcare Services's quarterly revenue was down 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. As a group, sell-side analysts forecast that AMN Healthcare Services, Inc. will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on AMN shares. UBS Group dropped 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. BMO Capital Markets dropped their price target on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Wall Street Zen raised AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, Truist Financial dropped their price target on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.

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