Harbor Capital Advisors Inc. Raises Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Harbor Capital Advisors Inc. lifted its position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 285.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,458 shares of the company's stock after buying an additional 58,830 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.21% of AMN Healthcare Services worth $1,901,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at $30,000. Farther Finance Advisors LLC boosted its holdings in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company's stock worth $63,000 after buying an additional 1,224 shares in the last quarter. GAMMA Investing LLC grew its holdings in AMN Healthcare Services by 189.6% in the fourth quarter. GAMMA Investing LLC now owns 3,018 shares of the company's stock worth $72,000 after purchasing an additional 1,976 shares during the period. Quarry LP increased its position in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company's stock valued at $85,000 after buying an additional 654 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of AMN Healthcare Services during the third quarter worth approximately $151,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on AMN. Truist Financial dropped their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Benchmark reiterated a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. William Blair lowered shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Bank of America downgraded AMN Healthcare Services from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, Jefferies Financial Group decreased their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $48.33.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN traded up $0.47 during midday trading on Friday, reaching $26.98. The company had a trading volume of 629,146 shares, compared to its average volume of 706,124. The business's 50-day simple moving average is $26.76 and its 200 day simple moving average is $41.28. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The stock has a market cap of $1.03 billion, a P/E ratio of 19.55 and a beta of 0.05. AMN Healthcare Services, Inc. has a 1 year low of $22.47 and a 1 year high of $79.74.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $687.51 million during the quarter, compared to analysts' expectations of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter in the previous year, the company earned $1.97 earnings per share. On average, analysts forecast that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction that occurred on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now directly owns 37,550 shares of the company's stock, valued at approximately $1,385,595. This represents a 6.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.93% of the stock is owned by corporate insiders.

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.