Voloridge Investment Management LLC Invests $12.69 Million in AMN Healthcare Services, Inc. (NYSE:AMN)

Voloridge Investment Management LLC purchased a new position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 530,322 shares of the company's stock, valued at approximately $12,685,000. Voloridge Investment Management LLC owned 1.39% of AMN Healthcare Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock valued at $36,000 after buying an additional 377 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in AMN Healthcare Services by 5.6% in the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock valued at $257,000 after acquiring an additional 566 shares during the last quarter. Blue Trust Inc. boosted its holdings in AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock valued at $57,000 after acquiring an additional 754 shares during 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 valued at $70,000 after acquiring an additional 848 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in AMN Healthcare Services by 12.1% in the fourth quarter. AlphaQuest LLC now owns 8,840 shares of the company's stock valued at $211,000 after acquiring an additional 954 shares during the last quarter. Institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Trading Up 3.3%

AMN traded up $0.68 during trading on Tuesday, hitting $21.45. The company's stock had a trading volume of 556,637 shares, compared to its average volume of 914,503. AMN Healthcare Services, Inc. has a twelve month low of $17.45 and a twelve month high of $70.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock's fifty day moving average price is $21.02 and its 200-day moving average price is $24.07. The firm has a market capitalization of $821.33 million, a P/E ratio of -5.57 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.26. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The company had revenue of $689.53 million for the quarter, compared to analyst estimates of $670.08 million. During the same period in the prior year, the firm earned $0.97 earnings per share. AMN Healthcare Services's revenue for the quarter was down 16.0% on a year-over-year basis. Analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group reduced their target price on AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. BMO Capital Markets reduced their target price on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Wall Street Zen upgraded AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. Truist Financial reduced 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. Finally, JMP Securities reiterated a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, AMN Healthcare Services has a consensus rating of "Hold" and an average price target of $32.08.

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.