KLP Kapitalforvaltning AS Buys Shares of 7,000 AMN Healthcare Services, Inc. (NYSE:AMN)

KLP Kapitalforvaltning AS bought a new position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $167,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its position in shares of AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after purchasing an additional 377 shares in the last quarter. Blue Trust Inc. raised its stake in shares of AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after acquiring an additional 754 shares during the last quarter. AlphaQuest LLC grew its position in shares of AMN Healthcare Services by 12.1% in the 4th quarter. AlphaQuest LLC now owns 8,840 shares of the company’s stock worth $211,000 after buying an additional 954 shares during the last quarter. Trust Point Inc. lifted its position in shares of AMN Healthcare Services by 12.0% in the 4th quarter. Trust Point Inc. now owns 10,368 shares of the company’s stock worth $248,000 after purchasing an additional 1,112 shares during the period. Finally, KBC Group NV grew its holdings in shares of AMN Healthcare Services by 110.9% during the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after acquiring an additional 1,303 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN Healthcare Services stock opened at $19.35 on Wednesday. The stock’s fifty day moving average is $24.67 and its 200 day moving average is $28.85. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. AMN Healthcare Services, Inc. has a one year low of $18.63 and a one year high of $70.07. The stock has a market cap of $738.77 million, a P/E ratio of -5.02 and a beta of -0.03.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. Sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on AMN. BMO Capital Markets lowered their price objective 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. StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a report on Thursday, February 6th. Finally, Truist Financial cut their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services 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.