Squarepoint Ops LLC Decreases Holdings in AMN Healthcare Services Inc $AMN

Key Points

• Squarepoint Ops LLC cut its AMN Healthcare Services stake by 62% in the second quarter, selling 55,689 shares and retaining 34,118 shares worth approximately $1.1 million. Institutional investors collectively own 99.23% of the company.
• Analyst sentiment is mixed but generally favorable, with four Buy, three Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $36.
• AMN reported strong quarterly results, earning $0.77 per share versus the $0.19 consensus estimate and generating $673.24 million in revenue. Revenue increased 2.3% year over year, while shares recently opened at $34.53.

Squarepoint Ops LLC trimmed its position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 62.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,118 shares of the company's stock after selling 55,689 shares during the period. Squarepoint Ops LLC owned approximately 0.09% of AMN Healthcare Services worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMN. BlackRock Inc. purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at $215,047,000. Arrowstreet Capital Limited Partnership grew its stake in AMN Healthcare Services by 1,278.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company's stock worth $25,708,000 after buying an additional 1,300,005 shares during the last quarter. Renaissance Technologies LLC increased its position in AMN Healthcare Services by 50.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company's stock valued at $25,242,000 after buying an additional 463,100 shares in the last quarter. Bank of America Corp DE increased its position in AMN Healthcare Services by 9.0% during the 1st quarter. Bank of America Corp DE now owns 587,369 shares of the company's stock valued at $10,772,000 after buying an additional 48,501 shares in the last quarter. Finally, Royce & Associates LP increased its position in AMN Healthcare Services by 13.6% during the 4th quarter. Royce & Associates LP now owns 460,193 shares of the company's stock valued at $7,253,000 after buying an additional 55,137 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citizens Jmp raised their price target on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, August 14th. Truist Financial upped their price objective on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. BMO Capital Markets increased their price objective on shares of AMN Healthcare Services from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, September 11th. Wall Street Zen cut shares of AMN Healthcare Services from a "buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Finally, UBS Group boosted their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.00.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $34.53 on Friday. The business's 50 day moving average price is $33.91 and its 200 day moving average price is $28.13. The firm has a market cap of $1.34 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 0.38. AMN Healthcare Services Inc has a 52 week low of $14.97 and a 52 week high of $37.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The business had revenue of $673.24 million for the quarter, compared to the consensus estimate of $628.39 million. During the same period in the prior year, the firm earned $0.30 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that AMN Healthcare Services Inc will post 3.32 earnings per share for the current year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals, health systems, medical groups, government agencies and other healthcare organizations. Its services are designed to help clients address workforce shortages, manage changing staffing needs and support the delivery of patient care.

The company's offerings include travel and temporary nurse staffing, allied healthcare staffing, physician and advanced-practice professional staffing, and permanent placement services.

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