Silvercrest Asset Management Group LLC Has $30.21 Million Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Silvercrest Asset Management Group LLC trimmed its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 12.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 483,330 shares of the company’s stock after selling 66,396 shares during the period. Silvercrest Asset Management Group LLC owned about 1.27% of AMN Healthcare Services worth $30,213,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. acquired a new position in AMN Healthcare Services during the fourth quarter worth $5,361,000. Boston Partners raised its holdings in AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after acquiring an additional 1,461,541 shares in the last quarter. Bridgewater Associates LP boosted its position in AMN Healthcare Services by 12.2% during the fourth quarter. Bridgewater Associates LP now owns 241,047 shares of the company’s stock valued at $18,050,000 after purchasing an additional 26,300 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $1,006,000. Finally, UBS Group AG raised its stake in shares of AMN Healthcare Services by 79.7% during the 4th quarter. UBS Group AG now owns 114,500 shares of the company’s stock worth $8,574,000 after purchasing an additional 50,775 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $75.00 target price on shares of AMN Healthcare Services in a research note on Friday, May 10th. BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Truist Financial cut their target price on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Finally, Bank of America raised their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $75.57.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN traded up $3.02 during trading on Tuesday, reaching $67.39. 677,626 shares of the stock were exchanged, compared to its average volume of 779,868. AMN Healthcare Services, Inc. has a 12 month low of $46.74 and a 12 month high of $108.62. The stock has a 50-day moving average price of $54.15 and a 200-day moving average price of $60.26. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49. The firm has a market cap of $2.56 billion, a PE ratio of 17.88 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The firm 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%. The company’s revenue for the quarter was down 27.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 EPS. Research analysts expect that AMN Healthcare Services, Inc. will post 3.15 EPS for the current fiscal year.

About AMN Healthcare Services

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.