Federated Hermes Inc. Sells 38,937 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Federated Hermes Inc. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 695,267 shares of the company’s stock after selling 38,937 shares during the quarter. Federated Hermes Inc.’s holdings in AMN Healthcare Services were worth $52,062,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AMN. Money Concepts Capital Corp bought a new position in AMN Healthcare Services in the 4th quarter worth approximately $33,000. Quarry LP lifted its stake in shares of AMN Healthcare Services by 171.3% during the first quarter. Quarry LP now owns 841 shares of the company’s stock valued at $70,000 after acquiring an additional 531 shares during the period. First Horizon Advisors Inc. increased its position in AMN Healthcare Services by 30.1% in the first quarter. First Horizon Advisors Inc. now owns 868 shares of the company’s stock worth $72,000 after purchasing an additional 201 shares during the period. Covestor Ltd raised its holdings in AMN Healthcare Services by 148.5% during the 1st quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $101,000 after purchasing an additional 579 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in AMN Healthcare Services during the 2nd quarter valued at about $112,000. 99.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $56.80 per share, with a total value of $113,600.00. Following the completion of the purchase, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other AMN Healthcare Services news, CFO Jeffrey R. Knudson acquired 6,951 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $57.75 per share, with a total value of $401,420.25. Following the completion of the transaction, the chief financial officer now directly owns 27,804 shares in the company, valued at approximately $1,605,681. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the transaction, the director now directly owns 2,437 shares in the company, valued at $138,421.60. The disclosure for this purchase can be found here. Insiders have acquired 26,626 shares of company stock worth $1,516,899 in the last 90 days. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. JMP Securities reduced their price objective on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Monday, February 26th. Finally, BMO Capital Markets lowered their target price on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.25.

AMN Healthcare Services Stock Up 1.1 %

Shares of NYSE AMN opened at $56.94 on Friday. AMN Healthcare Services, Inc. has a 52-week low of $53.77 and a 52-week high of $112.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $2.16 billion, a P/E ratio of 10.76 and a beta of 0.22. The firm has a 50 day moving average price of $61.13 and a 200 day moving average price of $68.68.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The business’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period last year, the firm posted $2.48 earnings per share. Analysts expect that AMN Healthcare Services, Inc. will post 3.97 EPS 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.