AMN Healthcare Services, Inc. (NYSE:AMN) Shares Purchased by Covestor Ltd

Covestor Ltd boosted its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 115.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,691 shares of the company’s stock after acquiring an additional 1,444 shares during the quarter. Covestor Ltd’s holdings in AMN Healthcare Services were worth $169,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AMN. FourThought Financial Partners LLC boosted its stake in AMN Healthcare Services by 3.7% during the 4th quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock worth $296,000 after purchasing an additional 139 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in AMN Healthcare Services by 69.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after purchasing an additional 147 shares in the last quarter. CWM LLC boosted its holdings in shares of AMN Healthcare Services by 1.2% in the fourth quarter. CWM LLC now owns 12,818 shares of the company’s stock valued at $960,000 after acquiring an additional 155 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of AMN Healthcare Services by 2.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 6,623 shares of the company’s stock valued at $496,000 after acquiring an additional 155 shares during the period. Finally, Quarry LP raised its stake in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN traded up $0.93 during midday trading on Tuesday, reaching $58.14. The stock had a trading volume of 210,110 shares, compared to its average volume of 774,278. AMN Healthcare Services, Inc. has a 52 week low of $46.74 and a 52 week high of $112.31. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50 day moving average price is $53.90 and its 200-day moving average price is $60.76. The company has a market capitalization of $2.21 billion, a P/E ratio of 15.39 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $820.90 million for the quarter, compared to analyst estimates of $816.54 million. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. AMN Healthcare Services’s revenue for the quarter was down 27.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share. On average, analysts forecast that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMN. BMO Capital Markets cut their price target on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Truist Financial cut their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Bank of America lifted their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $75.57.

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.