Tributary Capital Management LLC Purchases 95,204 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Tributary Capital Management LLC boosted its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 40.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 328,085 shares of the company’s stock after buying an additional 95,204 shares during the quarter. Tributary Capital Management LLC’s holdings in AMN Healthcare Services were worth $7,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMN. Exchange Traded Concepts LLC grew its position in shares of AMN Healthcare Services by 91.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,814 shares of the company’s stock worth $307,000 after buying an additional 6,106 shares during the period. Reinhart Partners LLC. bought a new position in AMN Healthcare Services in the fourth quarter valued at approximately $12,341,000. Harbor Capital Advisors Inc. boosted its stake in AMN Healthcare Services by 285.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after acquiring an additional 58,830 shares during the last quarter. Nordea Investment Management AB grew its holdings in AMN Healthcare Services by 5.0% during the 4th quarter. Nordea Investment Management AB now owns 82,825 shares of the company’s stock worth $1,994,000 after acquiring an additional 3,944 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of AMN Healthcare Services by 189.6% during the 4th quarter. GAMMA Investing LLC now owns 3,018 shares of the company’s stock valued at $72,000 after acquiring an additional 1,976 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMN shares. BMO Capital Markets decreased their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price target for the company from $65.00 to $48.00 in a research report on Monday, October 7th. JMP Securities decreased their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a report on Tuesday, October 22nd. Finally, Truist Financial cut their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock 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 given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.33.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.93% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $27.68 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. AMN Healthcare Services, Inc. has a 52 week low of $22.47 and a 52 week high of $79.74. The company’s 50 day moving average price is $25.79 and its two-hundred day moving average price is $39.71. The company has a market capitalization of $1.05 billion, a P/E ratio of 20.06 and a beta of 0.05.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period last year, the business posted $1.97 earnings per share. On average, analysts expect that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal 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.