Pitcairn Co. Acquires 249 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Pitcairn Co. raised its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 4.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,138 shares of the company’s stock after purchasing an additional 249 shares during the period. Pitcairn Co.’s holdings in AMN Healthcare Services were worth $384,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Boston Partners increased its holdings in AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock valued at $216,038,000 after buying an additional 1,461,541 shares during the period. WCM Investment Management LLC increased its holdings in shares of AMN Healthcare Services by 107.8% in the 1st quarter. WCM Investment Management LLC now owns 764,997 shares of the company’s stock valued at $47,820,000 after acquiring an additional 396,805 shares during the period. Norges Bank purchased a new stake in shares of AMN Healthcare Services during the 4th quarter worth $19,864,000. Clearbridge Investments LLC bought a new stake in AMN Healthcare Services during the fourth quarter valued at about $12,905,000. Finally, Assenagon Asset Management S.A. boosted its position in AMN Healthcare Services by 157.5% during the first quarter. Assenagon Asset Management S.A. now owns 184,341 shares of the company’s stock valued at $11,523,000 after purchasing an additional 112,745 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on AMN shares. BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Truist Financial lowered their target price on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $75.00 price target on shares of AMN Healthcare Services in a report on Friday, May 10th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Bank of America boosted their target price on AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $75.57.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock traded up $1.61 during trading hours on Thursday, hitting $63.31. 930,046 shares of the stock traded hands, compared to its average volume of 781,826. AMN Healthcare Services, Inc. has a 1 year low of $46.74 and a 1 year high of $108.62. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.98 and a beta of 0.12. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50 day moving average price is $53.88 and its 200-day moving average price is $60.66.

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

AMN Healthcare Services Company 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.