GAMMA Investing LLC Raises Position in AMN Healthcare Services, Inc. (NYSE:AMN)

GAMMA Investing LLC lifted its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 4,177.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 129,100 shares of the company’s stock after acquiring an additional 126,082 shares during the period. GAMMA Investing LLC’s holdings in AMN Healthcare Services were worth $3,158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AMN Healthcare Services in the 4th quarter worth approximately $500,000. Public Employees Retirement System of Ohio purchased a new position in shares of AMN Healthcare Services in the fourth quarter worth $1,609,000. PharVision Advisers LLC purchased a new position in shares of AMN Healthcare Services in the fourth quarter worth $570,000. White Knight Strategic Wealth Advisors LLC lifted its holdings in shares of AMN Healthcare Services by 60.9% during the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 25,650 shares of the company’s stock valued at $614,000 after purchasing an additional 9,710 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of AMN Healthcare Services during the fourth quarter valued at $12,685,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMN. UBS Group decreased their target price on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Truist Financial reduced their price target on shares of AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, Wall Street Zen upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.08.

AMN Healthcare Services Stock Performance

AMN opened at $22.01 on Thursday. The company’s 50 day moving average is $20.43 and its 200 day moving average is $23.73. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a market cap of $842.46 million, a price-to-earnings ratio of -5.72 and a beta of 0.19. AMN Healthcare Services, Inc. has a 12-month low of $17.45 and a 12-month high of $70.07.

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

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.