Peregrine Capital Management LLC Decreases Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Peregrine Capital Management LLC reduced its position in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 97.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,220 shares of the company's stock after selling 81,764 shares during the quarter. Peregrine Capital Management LLC's holdings in AMN Healthcare Services were worth $53,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in AMN Healthcare Services during the third quarter worth $30,000. Blue Trust Inc. boosted its stake in AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock worth $57,000 after acquiring an additional 754 shares in the last quarter. KBC Group NV boosted its stake in AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company's stock worth $59,000 after acquiring an additional 1,303 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in AMN Healthcare Services by 455.0% during the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company's stock worth $63,000 after acquiring an additional 1,224 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in 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 acquiring an additional 1,976 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Up 6.4 %

Shares of AMN stock traded up $1.66 on Friday, hitting $27.50. The stock had a trading volume of 2,988,773 shares, compared to its average volume of 921,569. The business has a 50 day moving average of $25.40 and a 200 day moving average of $35.15. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -7.14 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. AMN Healthcare Services, Inc. has a 12-month low of $22.47 and a 12-month high of $70.07.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its 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 during 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 14.49%. As a group, analysts expect that AMN Healthcare Services, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMN shares. Truist Financial lowered their price objective on shares of AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Friday. JMP Securities restated a "market outperform" rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. Jefferies Financial Group lowered their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th. BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Finally, William Blair downgraded shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $43.33.

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.