Golden State Wealth Management LLC Raises Holdings in AMN Healthcare Services Inc (NYSE:AMN)

Golden State Wealth Management LLC grew its position in shares of AMN Healthcare Services Inc (NYSE:AMN) by 107.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,159 shares of the company’s stock after buying an additional 599 shares during the period. Golden State Wealth Management LLC’s holdings in AMN Healthcare Services were worth $28,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Newtyn Management LLC purchased a new stake in AMN Healthcare Services during the 4th quarter worth about $28,417,000. Voloridge Investment Management LLC purchased a new stake in AMN Healthcare Services during the 4th quarter worth about $12,685,000. Two Sigma Investments LP lifted its holdings in AMN Healthcare Services by 228.8% during the 4th quarter. Two Sigma Investments LP now owns 532,694 shares of the company’s stock worth $12,742,000 after purchasing an additional 370,691 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in AMN Healthcare Services by 406.3% during the 4th quarter. Invenomic Capital Management LP now owns 401,807 shares of the company’s stock worth $9,611,000 after purchasing an additional 322,445 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in AMN Healthcare Services by 134.4% during the 4th quarter. Millennium Management LLC now owns 462,186 shares of the company’s stock worth $11,055,000 after purchasing an additional 265,011 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMN shares. Truist Financial dropped their price objective on 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 AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, UBS Group dropped their price target on 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. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and an average price target of $32.08.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN opened at $21.92 on Friday. The stock has a market cap of $839.10 million, a price-to-earnings ratio of -5.06 and a beta of 0.18. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.39. AMN Healthcare Services Inc has a 1-year low of $17.45 and a 1-year high of $70.07. The stock’s 50-day moving average is $21.25 and its 200 day moving average is $23.15.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data 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. The company had revenue of $689.53 million for the quarter, compared to analysts’ expectations of $670.08 million. AMN Healthcare Services had a positive return on equity of 13.39% and a negative net margin of 5.80%. AMN Healthcare Services’s revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, sell-side analysts anticipate 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.