AlphaQuest LLC Boosts Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

AlphaQuest LLC increased its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,840 shares of the company’s stock after purchasing an additional 954 shares during the period. AlphaQuest LLC’s holdings in AMN Healthcare Services were worth $211,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Amundi lifted its holdings in AMN Healthcare Services by 175.6% in the 4th quarter. Amundi now owns 18,439 shares of the company’s stock worth $489,000 after purchasing an additional 11,749 shares in the last quarter. Raymond James Financial Inc. purchased a new position in AMN Healthcare Services in the 4th quarter worth approximately $1,950,000. Proficio Capital Partners LLC bought a new stake in AMN Healthcare Services in the 4th quarter worth approximately $264,000. Victory Capital Management Inc. increased its stake in AMN Healthcare Services by 145.9% in the 4th quarter. Victory Capital Management Inc. now owns 33,054 shares of the company’s stock worth $791,000 after acquiring an additional 19,614 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in AMN Healthcare Services by 32.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock worth $21,222,000 after acquiring an additional 217,643 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial reduced their price objective on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets reduced their price objective 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $26.69 on Monday. The company has a market cap of $1.02 billion, a P/E ratio of -6.93 and a beta of 0.15. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The business’s 50 day moving average price is $25.99 and its 200-day moving average price is $31.90. AMN Healthcare Services, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

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.