AMN Healthcare Services Inc (NYSE:AMN) Shares Bought by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in AMN Healthcare Services by 12.9% with an acquisition of 25,618 shares, bringing their total ownership to 223,530 shares valued at approximately $5.47 million.
• AMN Healthcare Services reported earnings of $0.45 per share for the last quarter, exceeding analysts' expectations; however, the company experienced a 16% decline in revenue year-over-year.
• Analysts have revised down their price targets for AMN's stock, with projections now ranging from $25.00 to $25.50, while the current consensus rating remains as "Hold."

Royce & Associates LP lifted its stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,530 shares of the company's stock after purchasing an additional 25,618 shares during the quarter. Royce & Associates LP owned about 0.59% of AMN Healthcare Services worth $5,468,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Readystate Asset Management LP acquired a new position in AMN Healthcare Services during the first quarter worth $527,000. Allianz Asset Management GmbH grew its holdings in AMN Healthcare Services by 14.3% in the first quarter. Allianz Asset Management GmbH now owns 472,104 shares of the company's stock valued at $11,548,000 after purchasing an additional 59,244 shares during the last quarter. Tributary Capital Management LLC grew its holdings in AMN Healthcare Services by 49.5% in the first quarter. Tributary Capital Management LLC now owns 490,524 shares of the company's stock valued at $11,998,000 after purchasing an additional 162,439 shares during the last quarter. CWM LLC grew its holdings in AMN Healthcare Services by 38.5% in the first quarter. CWM LLC now owns 27,987 shares of the company's stock valued at $685,000 after purchasing an additional 7,781 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in AMN Healthcare Services by 13.7% in the first quarter. Envestnet Asset Management Inc. now owns 79,298 shares of the company's stock valued at $1,940,000 after purchasing an additional 9,537 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMN shares. Truist Financial lowered their target price on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. UBS Group decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $32.08.

AMN Healthcare Services Stock Down 2.8%

Shares of NYSE:AMN traded down $0.55 during mid-day trading on Wednesday, hitting $18.80. 116,680 shares of the company traded hands, compared to its average volume of 851,309. AMN Healthcare Services Inc has a 52-week low of $17.45 and a 52-week high of $70.07. The firm's 50 day simple moving average is $21.03 and its 200 day simple moving average is $22.64. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $719.57 million, a P/E ratio of -4.35 and a beta of 0.18.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 positive return on equity of 13.39% and a negative net margin of 5.80%. AMN Healthcare Services's quarterly revenue was down 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. On average, equities analysts anticipate that AMN Healthcare Services Inc will post 1.33 EPS for the current year.

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.