Bank of New York Mellon Corp Lowers Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Bank of New York Mellon Corp reduced its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 11.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 252,868 shares of the company’s stock after selling 32,786 shares during the period. Bank of New York Mellon Corp owned approximately 0.66% of AMN Healthcare Services worth $6,049,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after acquiring an additional 2,801,663 shares during the period. State Street Corp raised its holdings in shares of AMN Healthcare Services by 1.1% during the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after buying an additional 16,075 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of AMN Healthcare Services by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after buying an additional 30,157 shares during the period. WCM Investment Management LLC grew its stake in AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after purchasing an additional 550,427 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of AMN Healthcare Services by 23.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after acquiring an additional 209,180 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN opened at $26.69 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.93 and a beta of 0.15. The stock’s fifty day simple moving average is $25.99 and its 200 day simple moving average is $31.90. AMN Healthcare Services, Inc. has a 52-week low of $22.47 and a 52-week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The business had revenue of $734.71 million for the quarter, compared to analysts’ expectations of $694.38 million. As a group, sell-side analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMN has been the topic of several recent research reports. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Truist Financial cut their target price on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, BMO Capital Markets cut their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services 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.