33,420 Shares in AMN Healthcare Services, Inc. (NYSE:AMN) Bought by SG Capital Management LLC

SG Capital Management LLC bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,420 shares of the company’s stock, valued at approximately $2,089,000.

Several other large investors have also added to or reduced their stakes in the business. FourThought Financial Partners LLC boosted its holdings in AMN Healthcare Services by 3.7% during the fourth 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 lifted its stake 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 acquiring an additional 147 shares during the last quarter. CWM LLC lifted its stake in 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 last quarter. SummerHaven Investment Management LLC lifted its stake in 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 last quarter. Finally, Quarry LP lifted its stake in AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $75.00 price target on shares of AMN Healthcare Services in a research note on Friday, May 10th. Truist Financial cut their price target 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. Bank of America increased their price target on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. Finally, BMO Capital Markets dropped 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 report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and an average price target of $75.57.

AMN Healthcare Services Stock Performance

NYSE:AMN traded down $3.07 during mid-day trading on Friday, reaching $63.81. 864,220 shares of the company’s stock were exchanged, compared to its average volume of 727,897. AMN Healthcare Services, Inc. has a one year low of $46.74 and a one year high of $103.89. The firm has a market capitalization of $2.42 billion, a PE ratio of 17.15 and a beta of 0.12. The business’s fifty day simple moving average is $54.96 and its two-hundred day simple moving average is $60.21. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27.

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