Royce & Associates LP Grows Position in AMN Healthcare Services Inc $AMN

Royce & Associates LP grew its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 13.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 460,193 shares of the company’s stock after acquiring an additional 55,137 shares during the quarter. Royce & Associates LP’s holdings in AMN Healthcare Services were worth $7,253,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMN. Royal Bank of Canada raised its position in shares of AMN Healthcare Services by 1.5% during the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after buying an additional 2,784 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of AMN Healthcare Services by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after purchasing an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of AMN Healthcare Services in the 1st quarter worth approximately $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AMN Healthcare Services by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after purchasing an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of AMN Healthcare Services by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after purchasing an additional 51,737 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Price Performance

Shares of AMN stock opened at $27.93 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $1.08 billion, a P/E ratio of -32.10, a P/E/G ratio of 0.67 and a beta of 0.30. The company’s 50-day simple moving average is $22.12 and its two-hundred day simple moving average is $19.37. AMN Healthcare Services Inc has a one year low of $14.86 and a one year high of $31.65.

AMN Healthcare Services (NYSE:AMN) last issued its 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. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The company’s revenue for the quarter was up 99.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. As a group, equities analysts anticipate that AMN Healthcare Services Inc will post 2.53 EPS for the current year.

Analyst Upgrades and Downgrades

AMN has been the subject of a number of recent research reports. Truist Financial lifted their target price on AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Citizens Jmp upped their price target on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, February 23rd. UBS Group upped their price target on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Finally, BMO Capital Markets upped their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.29.

AMN Healthcare Services Company Profile

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.