Teacher Retirement System of Texas purchased a new position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,049 shares of the company's stock, valued at approximately $368,000.
Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in AMN Healthcare Services by 107.0% in the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock worth $28,000 after purchasing an additional 599 shares in the last quarter. LRI Investments LLC boosted its holdings in AMN Healthcare Services by 368.2% in the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company's stock worth $39,000 after purchasing an additional 1,274 shares in the last quarter. Covestor Ltd boosted its holdings in AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company's stock worth $70,000 after purchasing an additional 848 shares in the last quarter. GAMMA Investing LLC boosted its holdings in AMN Healthcare Services by 74.9% in the first quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock worth $129,000 after purchasing an additional 2,260 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in AMN Healthcare Services by 109,000.0% in the first quarter. NBC Securities Inc. now owns 5,455 shares of the company's stock worth $133,000 after purchasing an additional 5,450 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. Truist Financial decreased their price objective on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, UBS Group decreased their price objective on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.08.
Get Our Latest Stock Analysis on AMN Healthcare Services
AMN Healthcare Services Price Performance
NYSE:AMN traded down $0.51 during mid-day trading on Friday, hitting $19.83. The company's stock had a trading volume of 1,263,181 shares, compared to its average volume of 896,404. AMN Healthcare Services Inc has a fifty-two week low of $17.45 and a fifty-two week 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 company has a market capitalization of $759.09 million, a price-to-earnings ratio of -4.58 and a beta of 0.18. The stock has a fifty day moving average of $21.42 and a 200-day moving average of $22.95.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $670.08 million. During the same quarter in the prior year, the business posted $0.97 earnings per share. The company's quarterly revenue was down 16.0% compared to the same quarter last year. As a group, equities analysts forecast that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.
About AMN Healthcare Services
(
Free Report)
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.
Further Reading
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