Easterly Investment Partners LLC Decreases Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Easterly Investment Partners LLC lessened its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 89.8% in the first quarter, Holdings Channel.com reports. The firm owned 14,495 shares of the company’s stock after selling 128,157 shares during the period. Easterly Investment Partners LLC’s holdings in AMN Healthcare Services were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in AMN Healthcare Services by 6.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,704 shares of the company’s stock worth $1,082,000 after buying an additional 760 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of AMN Healthcare Services by 19.1% in the third quarter. Public Employees Retirement System of Ohio now owns 55,038 shares of the company’s stock worth $4,688,000 after acquiring an additional 8,837 shares during the period. Belpointe Asset Management LLC grew its position in shares of AMN Healthcare Services by 7.3% in the third quarter. Belpointe Asset Management LLC now owns 3,219 shares of the company’s stock valued at $274,000 after purchasing an additional 218 shares in the last quarter. Comerica Bank bought a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at $4,195,000. Finally, Graham Capital Management L.P. purchased a new stake in AMN Healthcare Services during the 3rd quarter worth about $546,000. Institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMN shares. Bank of America lifted their target price on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. BMO Capital Markets decreased their target price on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Truist Financial reduced their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $75.00 price objective on shares of AMN Healthcare Services in a research report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.57.

AMN Healthcare Services Price Performance

NYSE:AMN traded down $0.47 during midday trading on Wednesday, hitting $47.39. The company had a trading volume of 110,224 shares, compared to its average volume of 784,585. The company has a market capitalization of $1.80 billion, a PE ratio of 12.88 and a beta of 0.12. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a 52-week low of $47.18 and a 52-week high of $112.44. The stock’s fifty day moving average price is $54.97 and its 200-day moving average price is $62.14.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $820.90 million during the quarter, compared to analyst estimates of $816.54 million. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The company’s revenue was down 27.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 earnings per share. As a group, research analysts expect that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current 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.