Tidal Investments LLC Lowers Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Tidal Investments LLC cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,601 shares of the company’s stock after selling 480 shares during the quarter. Tidal Investments LLC’s holdings in AMN Healthcare Services were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position 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 worth $36,000 after buying an additional 377 shares during the last quarter. LRI Investments LLC boosted its stake in AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after purchasing an additional 1,274 shares during the period. Blue Trust Inc. boosted 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 worth $57,000 after purchasing an additional 754 shares during the period. KBC Group NV boosted its stake in AMN Healthcare Services by 110.9% in the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after purchasing an additional 1,303 shares during the period. Finally, Covestor Ltd boosted its stake in AMN Healthcare Services by 41.0% in the 4th quarter. Covestor Ltd now owns 2,914 shares of the company’s stock worth $70,000 after purchasing an additional 848 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group decreased their price objective on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Wall Street Zen upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. BMO Capital Markets reduced their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. JMP Securities reissued a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Finally, Truist Financial dropped their price target on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AMN Healthcare Services has a consensus rating of “Hold” and a consensus price target of $32.08.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $21.09 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The company has a market cap of $807.43 million, a PE ratio of -5.48 and a beta of 0.16. The business has a 50-day simple moving average of $20.78 and a two-hundred day simple moving average of $23.95. AMN Healthcare Services, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.26. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. 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 company earned $0.97 earnings per share. The company’s quarterly revenue was down 16.0% on a year-over-year basis. As a group, equities analysts expect that AMN Healthcare Services, Inc. will post 1.33 EPS for the current fiscal year.

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.