AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 695,267 shares of the company’s stock after selling 38,937 shares during the quarter. Federated Hermes Inc. owned 1.84% of AMN Healthcare Services worth $52,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Money Concepts Capital Corp acquired a new position in AMN Healthcare Services during the 4th quarter worth approximately $33,000. Quarry LP grew its holdings in AMN Healthcare Services by 171.3% during the 1st quarter. Quarry LP now owns 841 shares of the company’s stock valued at $70,000 after purchasing an additional 531 shares in the last quarter. First Horizon Advisors Inc. increased its stake in AMN Healthcare Services by 30.1% during the 1st quarter. First Horizon Advisors Inc. now owns 868 shares of the company’s stock worth $72,000 after buying an additional 201 shares during the period. Covestor Ltd boosted its position in AMN Healthcare Services by 148.5% in the 1st quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $101,000 after buying an additional 579 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of AMN Healthcare Services during the second quarter valued at about $112,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $56.94 on Friday. The company has a market cap of $2.16 billion, a PE ratio of 10.76 and a beta of 0.22. AMN Healthcare Services, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $112.44. The firm has a 50-day simple moving average of $61.13 and a 200 day simple moving average of $68.68. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The business had revenue of $818.27 million during the quarter, compared to analyst estimates of $803.14 million. During the same quarter in the previous year, the firm posted $2.48 EPS. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. On average, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 3.97 EPS for the current year.

Analyst Upgrades and Downgrades

AMN has been the topic of several analyst reports. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday, April 15th. BMO Capital Markets decreased 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 report on Tuesday, February 20th. Finally, JMP Securities dropped their target price on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and a consensus target price of $87.25.

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $56.80 per share, with a total value of $113,600.00. Following the completion of the acquisition, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other AMN Healthcare Services news, Director Jorge A. Caballero purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $56.80 per share, with a total value of $113,600.00. Following the completion of the purchase, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Caroline Grace acquired 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the purchase, the chief executive officer now owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The disclosure for this purchase can be found here. Insiders have bought a total of 26,626 shares of company stock worth $1,516,899 in the last ninety days. 0.93% of the stock is owned by insiders.

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.