Great Lakes Advisors LLC lifted its position in AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,076 shares of the company’s stock after purchasing an additional 1,993 shares during the quarter. Great Lakes Advisors LLC owned about 0.35% of AMN Healthcare Services worth $14,412,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of AMN. Spire Wealth Management grew its holdings in shares of AMN Healthcare Services by 1,615.0% in the first quarter. Spire Wealth Management now owns 343 shares of the company’s stock valued at $28,000 after purchasing an additional 323 shares during the period. EverSource Wealth Advisors LLC lifted its position in AMN Healthcare Services by 1,326.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the company’s stock valued at $30,000 after buying an additional 252 shares during the last quarter. Money Concepts Capital Corp acquired a new position in AMN Healthcare Services in the fourth quarter valued at about $33,000. Ameritas Advisory Services LLC acquired a new position in AMN Healthcare Services in the first quarter valued at about $34,000. Finally, Elkhorn Partners Limited Partnership acquired a new position in AMN Healthcare Services in the first quarter valued at about $41,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AMN. Truist Financial decreased their target price on shares of AMN Healthcare Services from $95.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Benchmark cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Bank of America cut shares of AMN Healthcare Services from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $112.00 to $104.00 in a research report on Friday, August 4th. StockNews.com began coverage on shares of AMN Healthcare Services in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Credit Suisse Group reduced their price target on shares of AMN Healthcare Services from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $103.00.
AMN Healthcare Services Stock Up 1.2 %
Shares of NYSE:AMN opened at $66.64 on Friday. The firm’s 50 day moving average price is $76.56 and its 200 day moving average price is $90.94. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 2.46 and a beta of 0.41. AMN Healthcare Services, Inc. has a fifty-two week low of $57.80 and a fifty-two week high of $125.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its earnings results on Thursday, November 2nd. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.33. The firm had revenue of $853.46 million for the quarter, compared to analysts’ expectations of $851.20 million. AMN Healthcare Services had a net margin of 6.83% and a return on equity of 42.42%. The firm’s revenue was down 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services, Inc. will post 8.07 earnings per share for the current fiscal year.
AMN Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.
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