PNC Financial Services Group Inc. Boosts Stock Holdings in AMN Healthcare Services Inc (NYSE:AMN)

PNC Financial Services Group Inc. grew its position in shares of AMN Healthcare Services Inc (NYSE:AMN) by 27.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,029 shares of the company’s stock after purchasing an additional 3,202 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AMN Healthcare Services were worth $368,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMN. Golden State Wealth Management LLC increased its holdings in 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 worth $28,000 after acquiring an additional 599 shares in the last quarter. LRI Investments LLC increased its holdings in 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 acquiring an additional 1,274 shares in the last quarter. GAMMA Investing LLC increased its holdings in AMN Healthcare Services by 74.9% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the company’s stock worth $129,000 after acquiring an additional 2,260 shares in the last quarter. NBC Securities Inc. increased its holdings in AMN Healthcare Services by 109,000.0% in the 1st quarter. NBC Securities Inc. now owns 5,455 shares of the company’s stock worth $133,000 after acquiring an additional 5,450 shares in the last quarter. Finally, Quarry LP increased its holdings in AMN Healthcare Services by 180.4% in the 4th quarter. Quarry LP now owns 5,624 shares of the company’s stock worth $135,000 after acquiring an additional 3,618 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $18.91 on Friday. AMN Healthcare Services Inc has a 52-week low of $14.86 and a 52-week high of $54.01. The firm has a market capitalization of $724.63 million, a price-to-earnings ratio of -2.43 and a beta of 0.10. The company has a fifty day simple moving average of $20.22 and a 200-day simple moving average of $21.86. The company has a quick ratio of 1.08, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $658.18 million during the quarter, compared to analyst estimates of $652.89 million. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. On average, equities analysts anticipate that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMN. BMO Capital Markets set a $22.00 price target on shares of AMN Healthcare Services and gave the stock an “outperform” rating in a report on Monday. JMP Securities dropped their target price on shares of AMN Healthcare Services from $33.00 to $22.00 and set a “market outperform” rating for the company in a report on Tuesday. Finally, UBS Group dropped their target price on shares of 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.25.

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.