Graham Capital Management L.P. Makes New $424,000 Investment in AMN Healthcare Services, Inc. (NYSE:AMN)

Graham Capital Management L.P. purchased a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,714 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FORA Capital LLC raised its position in shares of AMN Healthcare Services by 23.7% during the fourth quarter. FORA Capital LLC now owns 30,472 shares of the company’s stock worth $729,000 after purchasing an additional 5,846 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of AMN Healthcare Services by 295.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 256,239 shares of the company’s stock worth $6,129,000 after purchasing an additional 191,471 shares during the period. Cresset Asset Management LLC raised its position in shares of AMN Healthcare Services by 5.6% during the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company’s stock worth $257,000 after purchasing an additional 566 shares during the period. BOKF NA raised its position in shares of AMN Healthcare Services by 64.6% during the fourth quarter. BOKF NA now owns 18,930 shares of the company’s stock worth $453,000 after purchasing an additional 7,431 shares during the period. Finally, Brevan Howard Capital Management LP raised its position in shares of AMN Healthcare Services by 20.5% during the fourth quarter. Brevan Howard Capital Management LP now owns 21,549 shares of the company’s stock worth $515,000 after purchasing an additional 3,670 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMN shares. Truist Financial lowered their target price 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. UBS Group lowered their target price on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating on the stock in a research report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research report on Thursday, February 6th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, BMO Capital Markets lowered their price target on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One 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. Based on data from MarketBeat.com, AMN Healthcare Services presently has an average rating of “Hold” and an average price target of $32.08.

AMN Healthcare Services Trading Up 1.3%

NYSE AMN opened at $22.68 on Friday. The firm has a market capitalization of $868.11 million, a P/E ratio of -5.89 and a beta of 0.16. The business has a fifty day simple moving average of $21.43 and a 200 day simple moving average of $24.93. AMN Healthcare Services, Inc. has a 12 month low of $17.45 and a 12 month high of $70.07. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.26. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The firm had revenue of $689.53 million during the quarter, compared to analyst estimates of $670.08 million. During the same period last year, the firm posted $0.97 EPS. The business’s revenue was down 16.0% compared to the same quarter last year. On average, analysts predict that AMN Healthcare Services, Inc. will post 1.33 EPS for the current fiscal year.

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.