AMN Healthcare Services, Inc. (NYSE:AMN) Holdings Lifted by Covestor Ltd

Covestor Ltd grew its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 41.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,914 shares of the company’s stock after purchasing an additional 848 shares during the quarter. Covestor Ltd’s holdings in AMN Healthcare Services were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. bought a new stake in AMN Healthcare Services during the 4th quarter valued at $2,228,000. CenterBook Partners LP bought a new stake in shares of AMN Healthcare Services during the fourth quarter valued at about $1,276,000. Raymond James Financial Inc. acquired a new stake in AMN Healthcare Services in the fourth quarter worth about $1,950,000. Renaissance Technologies LLC grew its position in AMN Healthcare Services by 77.0% in the 4th quarter. Renaissance Technologies LLC now owns 122,500 shares of the company’s stock valued at $2,930,000 after buying an additional 53,300 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of AMN Healthcare Services by 92.4% during the 4th quarter. Invesco Ltd. now owns 388,564 shares of the company’s stock worth $9,294,000 after buying an additional 186,630 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMN shares. BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Truist Financial cut their price objective on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.17.

AMN Healthcare Services Trading Up 3.3 %

Shares of NYSE AMN opened at $19.74 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a 12 month low of $18.15 and a 12 month high of $70.07. The company has a market cap of $753.85 million, a price-to-earnings ratio of -5.13 and a beta of -0.03. The business has a fifty day simple moving average of $23.95 and a 200-day simple moving average of $28.06.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The company had revenue of $734.71 million during the quarter, compared to analysts’ expectations of $694.38 million. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

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.