Intech Investment Management LLC Increases Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Intech Investment Management LLC increased its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,117 shares of the company’s stock after buying an additional 4,283 shares during the period. Intech Investment Management LLC owned about 0.11% of AMN Healthcare Services worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMN. Jones Financial Companies Lllp raised its stake in AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after purchasing an additional 377 shares during the last quarter. Quarry LP raised its stake in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after purchasing an additional 654 shares during the last quarter. Truvestments Capital LLC acquired a new position in AMN Healthcare Services in the 3rd quarter valued at $30,000. Blue Trust Inc. raised its stake in AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in AMN Healthcare Services by 12.1% in the 4th quarter. AlphaQuest LLC now owns 8,840 shares of the company’s stock valued at $211,000 after purchasing an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the subject of several recent research reports. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Truist Financial reduced their price objective on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, four have assigned 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 price target of $41.17.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $24.09 on Friday. The stock has a market cap of $920.05 million, a PE ratio of -6.26 and a beta of 0.15. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a twelve month low of $22.47 and a twelve month high of $70.07. The stock has a fifty day simple moving average of $25.81 and a 200-day simple moving average of $31.05.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $734.71 million during the quarter, compared to analysts’ expectations of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. Equities analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

About AMN Healthcare Services

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.