Russell Investments Group Ltd. boosted its holdings in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,734 shares of the company's stock after purchasing an additional 24,736 shares during the quarter. Russell Investments Group Ltd. owned about 0.50% of AMN Healthcare Services worth $4,538,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in AMN Healthcare Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company's stock valued at $106,082,000 after acquiring an additional 108,284 shares during the period. State Street Corp increased its stake in AMN Healthcare Services by 1.1% during the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company's stock valued at $64,451,000 after purchasing an additional 16,075 shares in the last quarter. WCM Investment Management LLC raised its holdings in AMN Healthcare Services by 98.8% during the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock worth $26,367,000 after buying an additional 550,427 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of AMN Healthcare Services by 32.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company's stock valued at $21,222,000 after buying an additional 217,643 shares in the last quarter. Finally, Reinhart Partners LLC. acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at about $12,341,000. 99.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Truist Financial cut their price target on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday. BMO Capital Markets lowered their price target on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. StockNews.com upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, JMP Securities reissued a "market outperform" rating and set a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.67.
Read Our Latest Analysis on AMN
AMN Healthcare Services Stock Performance
Shares of AMN stock traded up $0.28 during trading hours on Friday, reaching $18.50. The company had a trading volume of 731,540 shares, compared to its average volume of 898,609. The firm has a market cap of $706.34 million, a PE ratio of -4.80 and a beta of -0.03. The business has a fifty day moving average price of $23.43 and a 200-day moving average price of $27.61. AMN Healthcare Services, Inc. has a one year low of $17.88 and a one year high of $70.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $734.71 million during 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%. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal 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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