Public Employees Retirement System of Ohio Cuts Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Public Employees Retirement System of Ohio lowered its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 14.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,577 shares of the company’s stock after selling 10,194 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in AMN Healthcare Services were worth $3,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners boosted its stake in shares of AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock valued at $216,038,000 after purchasing an additional 1,461,541 shares during the period. Bridgewater Associates LP boosted its stake in shares of 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 period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of AMN Healthcare Services during the fourth quarter valued at approximately $1,006,000. UBS Group AG boosted its stake in shares of AMN Healthcare Services by 79.7% during the fourth quarter. UBS Group AG now owns 114,500 shares of the company’s stock valued at $8,574,000 after purchasing an additional 50,775 shares during the period. Finally, Tributary Capital Management LLC boosted its stake in shares of AMN Healthcare Services by 20.2% during the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock valued at $16,664,000 after purchasing an additional 44,740 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

AMN opened at $66.84 on Friday. The stock has a fifty day simple moving average of $54.81 and a two-hundred day simple moving average of $60.30. 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 company has a market cap of $2.54 billion, a price-to-earnings ratio of 17.97 and a beta of 0.12. AMN Healthcare Services, Inc. has a 12-month low of $46.74 and a 12-month high of $108.21.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data 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 business had revenue of $820.90 million during the quarter, compared to the consensus estimate of $816.54 million. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The firm’s quarterly revenue was down 27.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.49 earnings per share. Research analysts predict that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $75.00 price objective on shares of AMN Healthcare Services in a research note on Friday, May 10th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday. Truist Financial decreased their target price on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. Finally, BMO Capital Markets decreased their target price on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus 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.