Equitable Trust Co. Purchases 11,974 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Equitable Trust Co. boosted its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 125.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,526 shares of the company’s stock after buying an additional 11,974 shares during the period. Equitable Trust Co. owned approximately 0.06% of AMN Healthcare Services worth $515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares in the last quarter. WCM Investment Management LLC increased its holdings in AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after purchasing an additional 550,427 shares in the last quarter. Reinhart Partners LLC. bought a new stake in AMN Healthcare Services during the 4th quarter worth approximately $12,341,000. Wellington Management Group LLP increased its holdings in AMN Healthcare Services by 54.5% during the 3rd quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock worth $32,768,000 after purchasing an additional 272,552 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in AMN Healthcare Services during the 3rd quarter worth approximately $10,026,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Down 1.9 %

Shares of NYSE:AMN opened at $24.44 on Wednesday. The stock’s 50-day moving average price is $25.92 and its 200-day moving average price is $37.31. AMN Healthcare Services, Inc. has a 12-month low of $22.47 and a 12-month high of $79.74. The stock has a market capitalization of $930.39 million, a P/E ratio of 17.71 and a beta of 0.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

Analyst Ratings Changes

A number of brokerages have commented on AMN. Jefferies Financial Group decreased their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Truist Financial cut their target price on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. BMO Capital Markets cut their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.50.

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.