AMN Healthcare Services Inc (NYSE:AMN) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 13.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,298 shares of the company’s stock after purchasing an additional 9,537 shares during the quarter. Envestnet Asset Management Inc. owned about 0.21% of AMN Healthcare Services worth $1,940,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of AMN Healthcare Services by 2.2% during the first quarter. Principal Financial Group Inc. now owns 243,164 shares of the company’s stock worth $5,948,000 after purchasing an additional 5,274 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of AMN Healthcare Services during the first quarter worth $368,000. New South Capital Management Inc. boosted its holdings in shares of AMN Healthcare Services by 13.0% during the first quarter. New South Capital Management Inc. now owns 579,400 shares of the company’s stock worth $14,172,000 after purchasing an additional 66,812 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of AMN Healthcare Services during the first quarter worth $1,581,000. Finally, Golden State Wealth Management LLC boosted its holdings in 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 valued at $28,000 after acquiring an additional 599 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 1.7%

NYSE:AMN opened at $19.33 on Wednesday. AMN Healthcare Services Inc has a 12 month low of $17.45 and a 12 month high of $70.07. The firm has a market capitalization of $740.20 million, a PE ratio of -4.47 and a beta of 0.18. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50-day moving average is $21.03 and its two-hundred day moving average is $22.64.

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

Analysts Set New Price Targets

Several research analysts have commented on AMN shares. UBS Group cut their price objective on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Truist Financial cut their price objective 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 equities research 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 data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and an average target price 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.