Principal Financial Group Inc. Grows Holdings in AMN Healthcare Services Inc (NYSE:AMN)

Principal Financial Group Inc. grew its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,164 shares of the company’s stock after buying an additional 5,274 shares during the quarter. Principal Financial Group Inc. owned 0.64% of AMN Healthcare Services worth $5,948,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in shares of AMN Healthcare Services during the 1st quarter valued at $368,000. New South Capital Management Inc. boosted its holdings in shares of AMN Healthcare Services by 13.0% in the first quarter. New South Capital Management Inc. now owns 579,400 shares of the company’s stock worth $14,172,000 after buying an additional 66,812 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in AMN Healthcare Services in the first quarter worth about $1,581,000. Golden State Wealth Management LLC increased its stake in shares of AMN Healthcare Services by 107.0% in the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company’s stock worth $28,000 after purchasing an additional 599 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in AMN Healthcare Services by 34.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company’s stock worth $370,000 after purchasing an additional 3,880 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMN. Wall Street Zen upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. UBS Group decreased their price objective on 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, Truist Financial lowered their price objective on 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.08.

AMN Healthcare Services Trading Down 0.9%

Shares of NYSE:AMN opened at $19.71 on Thursday. 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 12-month low of $17.45 and a 12-month high of $70.07. The business has a 50 day moving average of $21.46 and a two-hundred day moving average of $23.00. The company has a market capitalization of $754.38 million, a PE ratio of -4.55 and a beta of 0.18.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.26. AMN Healthcare Services had a negative net margin of 5.80% and a positive return on equity of 13.39%. The firm had revenue of $689.53 million for the quarter, compared to the consensus estimate of $670.08 million. During the same period in the prior year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was down 16.0% compared to the same quarter last year. As a group, analysts forecast that AMN Healthcare Services Inc will post 1.33 EPS for the current year.

AMN Healthcare Services 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.