Teacher Retirement System of Texas Acquires New Holdings in AMN Healthcare Services Inc (NYSE:AMN)

Teacher Retirement System of Texas purchased a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,049 shares of the company’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in shares of AMN Healthcare Services by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company’s stock worth $370,000 after acquiring an additional 3,880 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of AMN Healthcare Services in the 1st quarter valued at $592,000. Golden State Wealth Management LLC boosted its stake in shares of AMN Healthcare Services by 107.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company’s stock valued at $28,000 after purchasing an additional 599 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of AMN Healthcare Services in the 1st quarter valued at $1,581,000. Finally, GAMMA Investing LLC boosted its stake in shares of AMN Healthcare Services by 74.9% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the company’s stock valued at $129,000 after purchasing an additional 2,260 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Truist Financial dropped their price objective on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, UBS Group dropped their price objective on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.08.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $20.31 on Friday. The stock’s 50-day simple moving average is $21.46 and its 200 day simple moving average is $22.98. AMN Healthcare Services Inc has a twelve month low of $17.45 and a twelve month high of $70.07. The firm has a market capitalization of $777.51 million, a PE ratio of -4.69 and a beta of 0.18. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.39.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.26. The company had revenue of $689.53 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a positive return on equity of 13.39% and a negative net margin of 5.80%. The firm’s quarterly revenue was down 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. On average, 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.