GAMMA Investing LLC Grows Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

GAMMA Investing LLC grew its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 4,177.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,100 shares of the company’s stock after acquiring an additional 126,082 shares during the period. GAMMA Investing LLC owned about 0.34% of AMN Healthcare Services worth $3,158,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMN. Jones Financial Companies Lllp increased its holdings in AMN Healthcare Services by 33.4% during 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 period. LRI Investments LLC grew its position in shares of 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 buying an additional 1,274 shares during the last quarter. Blue Trust Inc. increased its stake in shares of AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after buying an additional 754 shares during the period. Covestor Ltd increased its stake in shares of AMN Healthcare Services by 41.0% during the fourth quarter. Covestor Ltd now owns 2,914 shares of the company’s stock valued at $70,000 after buying an additional 848 shares during the period. Finally, Quarry LP raised its holdings in shares of AMN Healthcare Services by 180.4% during the fourth quarter. Quarry LP now owns 5,624 shares of the company’s stock valued at $135,000 after acquiring an additional 3,618 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Down 0.1%

Shares of AMN Healthcare Services stock opened at $22.01 on Thursday. AMN Healthcare Services, Inc. has a 1 year low of $17.45 and a 1 year high of $70.07. The firm has a market cap of $842.46 million, a price-to-earnings ratio of -5.72 and a beta of 0.19. The company has a 50-day moving average of $20.43 and a 200 day moving average of $23.73. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $0.97 earnings per share. The business’s revenue for the quarter was down 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.