Tributary Capital Management LLC Reduces Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Tributary Capital Management LLC trimmed its position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,881 shares of the company's stock after selling 33,791 shares during the quarter. Tributary Capital Management LLC owned 0.61% of AMN Healthcare Services worth $9,872,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of AMN Healthcare Services during the second quarter worth $31,000. Nisa Investment Advisors LLC grew its stake in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock worth $38,000 after buying an additional 219 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of AMN Healthcare Services during the first quarter worth $58,000. GAMMA Investing LLC grew its stake in shares of AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company's stock worth $59,000 after buying an additional 811 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of AMN Healthcare Services during the second quarter worth $65,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Up 0.8 %

AMN traded up $0.33 during midday trading on Monday, hitting $40.00. The company had a trading volume of 437,985 shares, compared to its average volume of 798,987. AMN Healthcare Services, Inc. has a 52 week low of $36.50 and a 52 week high of $80.22. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.87 and a beta of 0.11. The stock's 50 day moving average price is $44.88 and its 200 day moving average price is $52.25.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million during the quarter, compared to the consensus estimate of $740.43 million. During the same period in the previous year, the firm posted $2.38 earnings per share. The business's revenue was down 25.3% compared to the same quarter last year. On average, research analysts anticipate that AMN Healthcare Services, Inc. will post 3.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Bank of America lowered shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $65.00 to $48.00 in a report on Monday, October 7th. JMP Securities dropped their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating on the stock in a report on Tuesday, October 22nd. Truist Financial dropped their target price on shares of AMN Healthcare Services from $70.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, October 21st. Finally, BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.17.

AMN Healthcare Services 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.