Edgestream Partners L.P. Has $1.04 Million Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Edgestream Partners L.P. decreased its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 37.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,590 shares of the company’s stock after selling 9,746 shares during the quarter. Edgestream Partners L.P.’s holdings in AMN Healthcare Services were worth $1,037,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Connors Investor Services Inc. boosted its holdings in AMN Healthcare Services by 88.0% in the first quarter. Connors Investor Services Inc. now owns 47,966 shares of the company’s stock valued at $2,998,000 after acquiring an additional 22,447 shares during the last quarter. Vanguard Group Inc. boosted its holdings in AMN Healthcare Services by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock valued at $268,117,000 after acquiring an additional 37,676 shares during the last quarter. Anthracite Investment Company Inc. bought a new stake in AMN Healthcare Services in the first quarter valued at approximately $500,000. Trillium Asset Management LLC boosted its holdings in AMN Healthcare Services by 11.9% in the first quarter. Trillium Asset Management LLC now owns 44,826 shares of the company’s stock valued at $2,802,000 after acquiring an additional 4,760 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in AMN Healthcare Services by 1.9% in the first quarter. Blair William & Co. IL now owns 35,217 shares of the company’s stock valued at $2,201,000 after acquiring an additional 654 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Up 2.0 %

Shares of NYSE:AMN traded up $1.15 during trading on Tuesday, reaching $58.36. 120,118 shares of the stock were exchanged, compared to its average volume of 773,635. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.27. AMN Healthcare Services, Inc. has a 1-year low of $46.74 and a 1-year high of $112.31. The stock has a fifty day moving average of $53.90 and a two-hundred day moving average of $60.76. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 15.39 and a beta of 0.13.

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

Analysts Set New Price Targets

AMN has been the topic of several analyst reports. Bank of America upped their target price on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. JMP Securities restated a “market outperform” rating and set a $75.00 price target on shares of AMN Healthcare Services in a report on Friday, May 10th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. Truist Financial cut their price target 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, BMO Capital Markets cut their price target on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $75.57.

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.