Raymond James Financial Inc. Acquires New Shares in AMN Healthcare Services, Inc. (NYSE:AMN)

Raymond James Financial Inc. purchased a new stake in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 81,502 shares of the company's stock, valued at approximately $1,950,000. Raymond James Financial Inc. owned 0.21% of AMN Healthcare Services at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMN. Jones Financial Companies Lllp lifted its position in shares of AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after purchasing an additional 377 shares during the period. Blue Trust Inc. lifted its stake in shares of AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock valued at $57,000 after purchasing an additional 754 shares during the period. KBC Group NV grew its stake in AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company's stock worth $59,000 after purchasing an additional 1,303 shares during the period. GAMMA Investing LLC increased its holdings in AMN Healthcare Services by 189.6% in the fourth quarter. GAMMA Investing LLC now owns 3,018 shares of the company's stock worth $72,000 after purchasing an additional 1,976 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $167,000. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMN has been the subject of a number of research analyst reports. StockNews.com raised AMN Healthcare Services from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th. JMP Securities reissued a "market outperform" rating and issued a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, Truist Financial reduced 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. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $38.67.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock traded up $0.83 during mid-day trading on Friday, hitting $21.25. 810,930 shares of the stock were exchanged, compared to its average volume of 917,573. AMN Healthcare Services, Inc. has a 12 month low of $17.45 and a 12 month high of $70.07. The company has a 50-day simple moving average of $22.35 and a 200 day simple moving average of $26.14. The company has a market capitalization of $811.52 million, a P/E ratio of -5.52 and a beta of -0.03. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The business had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. Sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

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.