Vanguard Group Inc. Sells 753,433 Shares of AMN Healthcare Services Inc $AMN

Vanguard Group Inc. trimmed its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 17.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,634,998 shares of the company’s stock after selling 753,433 shares during the quarter. Vanguard Group Inc. owned about 9.46% of AMN Healthcare Services worth $57,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMN. Strengthening Families & Communities LLC lifted its position in shares of AMN Healthcare Services by 238.5% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after acquiring an additional 1,207 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in shares of AMN Healthcare Services by 200.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 2,000 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at $63,000. Tower Research Capital LLC TRC lifted its position in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares during the period. Finally, Covestor Ltd lifted its position in shares of AMN Healthcare Services by 13.9% during the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after acquiring an additional 579 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMN. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. Truist Financial boosted their price target on AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th. BMO Capital Markets boosted their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Robert W. Baird boosted their price target on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Citizens Jmp boosted their price target on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and an average target price of $25.29.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $28.58 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.94 and a current ratio of 1.09. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $31.65. The stock has a market capitalization of $1.11 billion, a P/E ratio of -32.85, a price-to-earnings-growth ratio of 0.74 and a beta of 0.30. The stock has a fifty day moving average of $20.81 and a 200-day moving average of $18.90.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. AMN Healthcare Services’s revenue was up 99.9% on a year-over-year basis. On average, sell-side analysts expect that AMN Healthcare Services Inc will post 2.53 earnings per share for the current fiscal year.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.