Vanguard Group Inc. Reduces Position in AMN Healthcare Services Inc $AMN

Key Points

• Vanguard Group Inc. has reduced its holdings in AMN Healthcare Services Inc by 1.5%, selling 64,520 shares and now owning approximately 11.44% of the company.
• Several other large investors, such as Golden State Wealth Management and LRI Investments, have significantly increased their stakes in AMN, indicating varied institutional interest in the company's stock.
• AMN Healthcare Services reported a quarterly revenue decrease of 11.1% year-over-year, with earnings per share of $0.30 for the last quarter, surpassing analysts' expectations.

Vanguard Group Inc. reduced its stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,370,346 shares of the company's stock after selling 64,520 shares during the period. Vanguard Group Inc. owned approximately 11.44% of AMN Healthcare Services worth $106,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in AMN Healthcare Services by 34.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company's stock valued at $370,000 after acquiring an additional 3,880 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in AMN Healthcare Services in the 1st quarter valued at $592,000. Golden State Wealth Management LLC increased its holdings in 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 acquiring an additional 599 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in AMN Healthcare Services in the 1st quarter valued at $1,581,000. Finally, GAMMA Investing LLC increased its holdings in 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 acquiring an additional 2,260 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Trading Down 1.4%

Shares of AMN stock traded down $0.30 during trading hours on Tuesday, reaching $20.39. 923,461 shares of the stock were exchanged, compared to its average volume of 896,944. AMN Healthcare Services Inc has a 12-month low of $14.86 and a 12-month high of $54.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51. The company's 50-day moving average price is $20.03 and its 200-day moving average price is $21.51. The firm has a market capitalization of $781.42 million, a price-to-earnings ratio of -2.62 and a beta of 0.10.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.13. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The firm had revenue of $658.18 million during the quarter, compared to analysts' expectations of $652.89 million. During the same period in the previous year, the company earned $0.98 EPS. The firm's revenue for the quarter was down 11.1% compared to the same quarter last year. AMN Healthcare Services has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMN shares. JMP Securities reduced their price target on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 12th. BMO Capital Markets reduced their price target on shares of AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, August 11th. Finally, UBS Group dropped 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 research note on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $28.25.

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.