Wealth Enhancement Advisory Services LLC Acquires Shares of 24,210 AMN Healthcare Services Inc (NYSE:AMN)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,210 shares of the company's stock, valued at approximately $592,000. Wealth Enhancement Advisory Services LLC owned 0.06% of AMN Healthcare Services as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Thompson Investment Management Inc. raised its position in shares of AMN Healthcare Services by 4.1% during the 1st quarter. Thompson Investment Management Inc. now owns 308,807 shares of the company's stock valued at $7,553,000 after buying an additional 12,177 shares during the period. Assenagon Asset Management S.A. raised its position in shares of AMN Healthcare Services by 377.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 198,550 shares of the company's stock valued at $4,857,000 after buying an additional 156,945 shares during the period. SG Americas Securities LLC raised its position in AMN Healthcare Services by 165.6% in the first quarter. SG Americas Securities LLC now owns 41,565 shares of the company's stock valued at $1,017,000 after purchasing an additional 25,918 shares during the period. GAMMA Investing LLC raised its position in AMN Healthcare Services by 74.9% in the first quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock valued at $129,000 after purchasing an additional 2,260 shares during the period. Finally, Yousif Capital Management LLC raised its position in AMN Healthcare Services by 11.1% in the first quarter. Yousif Capital Management LLC now owns 16,493 shares of the company's stock valued at $403,000 after purchasing an additional 1,646 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Up 4.1%

Shares of AMN Healthcare Services stock traded up $0.87 during trading hours on Tuesday, reaching $22.10. 600,204 shares of the company were exchanged, compared to its average volume of 895,644. AMN Healthcare Services Inc has a 1 year low of $17.45 and a 1 year high of $70.07. The stock's fifty day moving average is $21.38 and its 200 day moving average is $23.11. 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 $845.99 million, a PE ratio of -5.10 and a beta of 0.18.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $689.53 million for 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%. The company's revenue was down 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. As a group, equities research analysts forecast that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group cut their target price on AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Truist Financial cut their target price on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Wall Street Zen raised AMN Healthcare Services from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have issued 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 a consensus rating of "Hold" and an average target price 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.