Bank of New York Mellon Corp Cuts Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Bank of New York Mellon Corp trimmed its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 252,868 shares of the company's stock after selling 32,786 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of AMN Healthcare Services worth $6,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of AMN Healthcare Services in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock valued at $57,000 after purchasing an additional 754 shares in the last quarter. KBC Group NV raised its holdings in shares of AMN Healthcare Services by 110.9% in the fourth quarter. KBC Group NV now owns 2,478 shares of the company's stock worth $59,000 after buying an additional 1,303 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 worth $72,000 after buying an additional 1,976 shares during the period. Finally, Quarry LP grew its holdings in shares of AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company's stock valued at $85,000 after buying an additional 654 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets dropped their price target 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 issued a $34.00 target price on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Truist Financial reduced their price target 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 downgraded shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.17.

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AMN Healthcare Services Stock Performance

Shares of NYSE AMN traded down $0.29 during midday trading on Thursday, reaching $24.29. 302,212 shares of the stock were exchanged, compared to its average volume of 859,088. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market cap of $927.61 million, a price-to-earnings ratio of -6.35 and a beta of 0.15. The firm has a 50-day simple moving average of $25.91 and a two-hundred day simple moving average of $31.45. AMN Healthcare Services, Inc. has a twelve month low of $22.47 and a twelve month high of $70.07.

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