Bank of America Corp DE Purchases 146,962 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Bank of America Corp DE grew its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 50.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 435,909 shares of the company’s stock after purchasing an additional 146,962 shares during the quarter. Bank of America Corp DE owned about 1.15% of AMN Healthcare Services worth $10,427,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in AMN Healthcare Services during the 4th quarter worth approximately $1,105,000. Aristeia Capital L.L.C. raised its holdings in AMN Healthcare Services by 10.2% during the 4th quarter. Aristeia Capital L.L.C. now owns 11,891 shares of the company’s stock worth $284,000 after purchasing an additional 1,105 shares during the last quarter. AXA S.A. acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth approximately $275,000. 272 Capital LP acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth approximately $202,000. Finally, Jane Street Group LLC grew its position in shares of AMN Healthcare Services by 16.3% during the 4th quarter. Jane Street Group LLC now owns 164,563 shares of the company’s stock worth $3,936,000 after buying an additional 23,045 shares during the period. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $20.78 on Friday. The company has a fifty day simple moving average of $21.09 and a 200 day simple moving average of $24.36. AMN Healthcare Services, Inc. has a 12-month low of $17.45 and a 12-month high of $70.07. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a market cap of $795.60 million, a P/E ratio of -5.40 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.26. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The business had revenue of $689.53 million during the quarter, compared to the consensus estimate of $670.08 million. During the same quarter last year, the firm posted $0.97 EPS. AMN Healthcare Services’s revenue was down 16.0% compared to the same quarter last year. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMN has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. UBS Group reduced their price objective on shares of AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Wall Street Zen raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Finally, BMO Capital Markets reduced their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.08.

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.