Allspring Global Investments Holdings LLC Lowers Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Allspring Global Investments Holdings LLC cut its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 215,073 shares of the company’s stock after selling 1,029 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AMN Healthcare Services were worth $16,105,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMN. Holocene Advisors LP bought a new stake in AMN Healthcare Services in the 2nd quarter worth approximately $92,796,000. Pacer Advisors Inc. increased its stake in AMN Healthcare Services by 145.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after acquiring an additional 828,390 shares during the last quarter. Teacher Retirement System of Texas increased its stake in AMN Healthcare Services by 3,287.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 555,990 shares of the company’s stock worth $47,359,000 after acquiring an additional 539,576 shares during the last quarter. Renaissance Technologies LLC increased its stake in AMN Healthcare Services by 1,181.5% in the 1st quarter. Renaissance Technologies LLC now owns 540,800 shares of the company’s stock worth $56,422,000 after acquiring an additional 498,600 shares during the last quarter. Finally, Norges Bank bought a new position in shares of AMN Healthcare Services during the 4th quarter valued at approximately $49,022,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN stock opened at $56.63 on Monday. AMN Healthcare Services, Inc. has a twelve month low of $53.77 and a twelve month high of $112.44. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 10.71 and a beta of 0.22. The stock has a fifty day simple moving average of $62.55 and a two-hundred day simple moving average of $69.25. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The business had revenue of $818.27 million during the quarter, compared to analysts’ expectations of $803.14 million. During the same period in the prior year, the business earned $2.48 EPS. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. On average, analysts predict that AMN Healthcare Services, Inc. will post 3.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMN has been the topic of several analyst reports. BMO Capital Markets cut their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Finally, JMP Securities cut their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and a consensus price target of $87.25.

Insiders Place Their Bets

In related news, CEO Caroline Grace acquired 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the purchase, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AMN Healthcare Services news, CEO Caroline Grace purchased 17,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the purchase, the chief executive officer now owns 27,178 shares in the company, valued at approximately $1,540,449.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jorge A. Caballero purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired 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 of the company’s stock, valued at approximately $138,421.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 26,626 shares of company stock worth $1,516,899. 0.93% of the stock is currently owned by company insiders.

AMN Healthcare Services Company 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.