Truist Financial Corp Increases Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Truist Financial Corp raised its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 58.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,376 shares of the company’s stock after purchasing an additional 4,949 shares during the period. Truist Financial Corp’s holdings in AMN Healthcare Services were worth $685,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMN. Vanguard Group Inc. boosted its stake in shares of AMN Healthcare Services by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock worth $268,117,000 after acquiring an additional 37,676 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in AMN Healthcare Services in the second quarter valued at $99,349,000. Thrivent Financial for Lutherans raised its position in AMN Healthcare Services by 3,753.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after purchasing an additional 1,230,543 shares during the period. Swedbank AB purchased a new stake in shares of AMN Healthcare Services in the 1st quarter valued at $70,617,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AMN Healthcare Services by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company’s stock valued at $53,468,000 after buying an additional 37,760 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMN shares. UBS Group reduced their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets upped their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus target price of $65.00.

AMN Healthcare Services Stock Performance

Shares of AMN opened at $40.49 on Wednesday. The company has a market capitalization of $1.54 billion, a PE ratio of 10.88 and a beta of 0.11. AMN Healthcare Services, Inc. has a 52-week low of $36.50 and a 52-week high of $80.22. The company has a 50-day simple moving average of $47.31 and a 200-day simple moving average of $53.32. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The firm had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm’s revenue was down 25.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.38 EPS. Equities research analysts predict that AMN Healthcare Services, Inc. will post 3.21 earnings per share 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.