Stratos Wealth Partners LTD. decreased its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) by 70.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,848 shares of the company’s stock after selling 6,868 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in AMN Healthcare Services were worth $236,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisor Networks LLC grew its stake in AMN Healthcare Services by 26.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,191 shares of the company’s stock valued at $333,000 after acquiring an additional 670 shares during the period. Private Advisor Group LLC acquired a new stake in AMN Healthcare Services in the 1st quarter valued at $526,000. MetLife Investment Management LLC grew its stake in AMN Healthcare Services by 55.3% in the 1st quarter. MetLife Investment Management LLC now owns 25,124 shares of the company’s stock valued at $2,621,000 after acquiring an additional 8,945 shares during the period. Rhumbline Advisers grew its stake in AMN Healthcare Services by 7.5% in the 1st quarter. Rhumbline Advisers now owns 115,955 shares of the company’s stock valued at $12,098,000 after acquiring an additional 8,046 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in AMN Healthcare Services by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 44,349 shares of the company’s stock valued at $4,762,000 after acquiring an additional 3,137 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. StockNews.com began coverage on shares of AMN Healthcare Services in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Truist Financial lowered their target price on shares of AMN Healthcare Services from $140.00 to $105.00 in a research note on Tuesday, May 2nd. Robert W. Baird lowered their target price on shares of AMN Healthcare Services from $111.00 to $100.00 in a research note on Friday, May 5th. Credit Suisse Group lowered their target price on shares of AMN Healthcare Services from $128.00 to $115.00 in a research note on Friday, May 5th. Finally, BMO Capital Markets lowered their target price on shares of AMN Healthcare Services from $100.00 to $98.00 in a research note on Monday, May 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.20.
Insider Activity at AMN Healthcare Services
In related news, Director Daphne E. Jones sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $109.57, for a total value of $109,570.00. Following the sale, the director now directly owns 7,799 shares in the company, valued at approximately $854,536.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is owned by insiders.
AMN Healthcare Services Stock Down 0.6 %
NYSE AMN opened at $111.06 on Friday. AMN Healthcare Services, Inc. has a 52 week low of $81.15 and a 52 week high of $129.04. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $103.94 and its 200-day simple moving average is $96.02. The firm has a market cap of $4.40 billion, a PE ratio of 12.66, a P/E/G ratio of 3.91 and a beta of 0.38.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.36 by $0.13. AMN Healthcare Services had a return on equity of 45.31% and a net margin of 7.93%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $3.49 EPS. The company’s quarterly revenue was down 27.5% compared to the same quarter last year. As a group, equities analysts anticipate that AMN Healthcare Services, Inc. will post 8.35 earnings per share for the current year.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.
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