Mitsubishi UFJ Trust & Banking Corp increased its position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,393 shares of the company's stock after purchasing an additional 26,879 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.25% of AMN Healthcare Services worth $2,234,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMN. FMR LLC lifted its stake in shares of AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company's stock valued at $196,715,000 after purchasing an additional 2,801,663 shares during the period. WCM Investment Management LLC lifted its stake in 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. bought a new position in AMN Healthcare Services during the fourth quarter worth about $12,341,000. Wellington Management Group LLP grew its position in shares of 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 buying an additional 272,552 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $10,026,000. 99.23% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. BMO Capital Markets decreased their price target 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. Truist Financial lowered their price objective on shares of AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com upgraded AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $41.17.
Check Out Our Latest Report on AMN Healthcare Services
AMN Healthcare Services Stock Down 6.5 %
NYSE AMN traded down $1.42 on Friday, reaching $20.37. The company had a trading volume of 1,109,956 shares, compared to its average volume of 889,678. The company's fifty day moving average is $25.15 and its 200-day moving average is $29.41. The firm has a market capitalization of $777.72 million, a price-to-earnings ratio of -5.29 and a beta of 0.15. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. AMN Healthcare Services, Inc. has a 1-year low of $20.15 and a 1-year high of $70.07.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. On average, research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.
AMN Healthcare Services Profile
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Free Report)
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.
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