Yousif Capital Management LLC Lowers Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Yousif Capital Management LLC cut its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,834 shares of the company’s stock after selling 1,076 shares during the quarter. Yousif Capital Management LLC’s holdings in AMN Healthcare Services were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of AMN Healthcare Services during the 4th quarter valued at about $31,000. QRG Capital Management Inc. purchased a new position in AMN Healthcare Services during the third quarter worth approximately $211,000. Quantbot Technologies LP acquired a new position in shares of AMN Healthcare Services in the 3rd quarter valued at $240,000. Belpointe Asset Management LLC grew its stake in shares of AMN Healthcare Services by 7.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 3,219 shares of the company’s stock valued at $274,000 after buying an additional 218 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of AMN Healthcare Services during the 3rd quarter worth $296,000. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Price Performance

AMN opened at $60.21 on Friday. AMN Healthcare Services, Inc. has a twelve month low of $53.77 and a twelve month high of $112.44. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 11.38 and a beta of 0.22. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57. The company has a fifty day simple moving average of $59.05 and a 200 day simple moving average of $67.16.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $818.27 million for the quarter, compared to analyst estimates of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.48 earnings per share. Equities research analysts expect that AMN Healthcare Services, Inc. will post 3.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Thursday. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Truist Financial reduced their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, JMP Securities reduced their target price on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and a consensus target price of $85.00.

Insiders Place Their Bets

In related news, CEO Caroline Grace purchased 17,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the transaction, the chief executive officer now owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Jeffrey R. Knudson purchased 6,951 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the purchase, the chief financial officer now owns 27,804 shares of the company’s stock, valued at $1,605,681. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Caroline Grace bought 17,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the transaction, the chief executive officer now owns 27,178 shares in the company, valued at approximately $1,540,449.04. The disclosure for this purchase can be found here. Insiders have acquired 26,626 shares of company stock worth $1,516,899 in the last three months. 0.93% of the stock is owned by insiders.

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.