Allianz SE Makes New Investment in AMN Healthcare Services, Inc. (NYSE:AMN)

Allianz SE purchased a new position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 71,367 shares of the company's stock, valued at approximately $1,707,000. Allianz SE owned about 0.19% of AMN Healthcare Services as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after purchasing an additional 377 shares during the last quarter. Blue Trust Inc. grew its position in shares of AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock worth $57,000 after buying an additional 754 shares during the last quarter. KBC Group NV increased its stake in shares of AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company's stock valued at $59,000 after buying an additional 1,303 shares during the period. GAMMA Investing LLC raised its holdings in shares of AMN Healthcare Services by 189.6% during the fourth quarter. GAMMA Investing LLC now owns 3,018 shares of the company's stock valued at $72,000 after acquiring an additional 1,976 shares in the last quarter. Finally, Quarry LP lifted its stake in AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company's stock worth $85,000 after acquiring an additional 654 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

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AMN Healthcare Services Price Performance

Shares of AMN stock traded down $1.02 on Thursday, reaching $22.33. The company's stock had a trading volume of 180,407 shares, compared to its average volume of 926,926. The stock's fifty day simple moving average is $25.41 and its 200-day simple moving average is $29.76. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a 1 year low of $22.01 and a 1 year high of $70.07. The company has a market capitalization of $852.76 million, a price-to-earnings ratio of -5.80 and a beta of 0.15.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $734.71 million during 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%. Analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on AMN shares. StockNews.com upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. BMO Capital Markets dropped their target price on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Finally, Truist Financial cut their price objective on shares of 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. One 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. According to MarketBeat.com, AMN Healthcare Services has an average rating of "Hold" and an average target price of $41.17.

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.