Arete Wealth Advisors LLC lessened its stake in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 70.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,579 shares of the company's stock after selling 20,900 shares during the period. Arete Wealth Advisors LLC's holdings in AMN Healthcare Services were worth $205,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. WCM Investment Management LLC lifted its stake in shares of AMN Healthcare Services by 98.8% in the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock worth $26,367,000 after purchasing an additional 550,427 shares during the period. Reinhart Partners LLC. bought a new position in AMN Healthcare Services in the fourth quarter worth approximately $12,341,000. Wellington Management Group LLP boosted its stake 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 acquiring an additional 272,552 shares during the last quarter. Thompson Investment Management Inc. boosted its stake in shares of AMN Healthcare Services by 381.8% during the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company's stock worth $7,095,000 after acquiring an additional 235,067 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of AMN Healthcare Services by 32.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company's stock valued at $21,222,000 after acquiring an additional 217,643 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
AMN has been the topic of a number of recent research reports. Truist Financial decreased their target price on AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, February 21st. BMO Capital Markets decreased their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JMP Securities reiterated 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. Finally, StockNews.com upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.17.
Read Our Latest Report on AMN Healthcare Services
AMN Healthcare Services Price Performance
AMN traded down $0.14 on Friday, hitting $19.10. 775,120 shares of the company's stock traded hands, compared to its average volume of 895,170. The company's 50 day simple moving average is $24.09 and its 200-day simple moving average is $28.32. 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 one year low of $18.15 and a one year high of $70.07. The firm has a market cap of $729.45 million, a price-to-earnings ratio of -4.96 and a beta of -0.03.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. As a group, research analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.
About AMN Healthcare Services
(
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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