Wealthfront Advisers LLC Makes New $1.69 Million Investment in AMN Healthcare Services, Inc. (NYSE:AMN)

Wealthfront Advisers LLC purchased a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 70,704 shares of the company's stock, valued at approximately $1,691,000. Wealthfront Advisers LLC owned 0.19% of AMN Healthcare Services as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AMN. FMR LLC lifted its holdings in shares of AMN Healthcare Services by 152.4% in the third quarter. FMR LLC now owns 4,640,599 shares of the company's stock valued at $196,715,000 after buying an additional 2,801,663 shares during the period. WCM Investment Management LLC lifted its holdings in shares of AMN Healthcare Services by 98.8% in the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock valued at $26,367,000 after buying an additional 550,427 shares during the period. Reinhart Partners LLC. acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at $12,341,000. Wellington Management Group LLP lifted its holdings in shares of AMN Healthcare Services by 54.5% in the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company's stock valued at $32,768,000 after buying an additional 272,552 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of AMN Healthcare Services in the third quarter valued at $10,026,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMN shares. StockNews.com lowered AMN Healthcare Services from a "hold" rating to a "sell" rating in a report on Monday. Truist Financial cut their target price on AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. JMP Securities reaffirmed a "market outperform" rating and set a $34.00 target price on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Finally, BMO Capital Markets cut their target price on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.17.

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AMN Healthcare Services Stock Down 1.7 %

NYSE:AMN traded down $0.43 during trading hours on Wednesday, hitting $24.55. 592,288 shares of the company's stock traded hands, compared to its average volume of 863,135. The firm has a market cap of $937.35 million, a P/E ratio of -6.38 and a beta of 0.15. AMN Healthcare Services, Inc. has a twelve month low of $22.47 and a twelve month high of $70.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The stock's fifty day moving average price is $25.95 and its two-hundred day moving average price is $31.50.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. On average, research analysts expect that AMN Healthcare Services, Inc. will post 1.33 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.