Price T Rowe Associates Inc. MD Buys 2,597 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Price T Rowe Associates Inc. MD increased its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,045 shares of the company’s stock after purchasing an additional 2,597 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.09% of AMN Healthcare Services worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in 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 buying an additional 377 shares during the last quarter. Blue Trust Inc. increased its position in 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. KBC Group NV lifted its holdings in AMN Healthcare Services by 110.9% in the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after acquiring an additional 1,303 shares during the period. Covestor Ltd boosted its position in AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company’s stock worth $70,000 after purchasing an additional 848 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of AMN Healthcare Services by 189.6% during the 4th quarter. GAMMA Investing LLC now owns 3,018 shares of the company’s stock valued at $72,000 after purchasing an additional 1,976 shares during the period. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. BMO Capital Markets cut their price objective on shares of 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. Truist Financial reduced their price objective on 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. Finally, StockNews.com raised 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 given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.67.

AMN Healthcare Services Stock Up 8.2%

AMN opened at $21.99 on Monday. The stock has a market cap of $839.78 million, a price-to-earnings ratio of -5.71 and a beta of 0.16. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The firm’s fifty day moving average is $21.82 and its 200 day moving average is $25.34. AMN Healthcare Services, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $670.08 million. During the same quarter last year, the business posted $0.97 earnings per share. The firm’s revenue was down 16.0% on a year-over-year basis. On average, sell-side analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share 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.