Clearbridge Investments LLC Buys 3,161 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Clearbridge Investments LLC raised its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,502 shares of the company’s stock after purchasing an additional 3,161 shares during the period. Clearbridge Investments LLC owned 0.46% of AMN Healthcare Services worth $10,971,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. FourThought Financial Partners LLC raised its position in AMN Healthcare Services by 3.7% during the 4th quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock worth $296,000 after purchasing an additional 139 shares during the last quarter. Hexagon Capital Partners LLC raised its position in AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after purchasing an additional 147 shares during the last quarter. CWM LLC raised its position in AMN Healthcare Services by 1.2% during the 4th quarter. CWM LLC now owns 12,818 shares of the company’s stock worth $960,000 after purchasing an additional 155 shares during the last quarter. SummerHaven Investment Management LLC raised its position in AMN Healthcare Services by 2.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 6,623 shares of the company’s stock worth $496,000 after purchasing an additional 155 shares during the last quarter. Finally, Quarry LP raised its position in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMN. Truist Financial lowered their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. JMP Securities reissued a “market outperform” rating and issued a $75.00 price objective on shares of AMN Healthcare Services in a research report on Friday, May 10th. Bank of America lifted their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $75.57.

AMN Healthcare Services Stock Up 3.3 %

AMN stock traded up $1.95 during mid-day trading on Wednesday, reaching $61.74. 1,233,585 shares of the company traded hands, compared to its average volume of 780,774. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 16.59 and a beta of 0.12. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a fifty-two week low of $46.74 and a fifty-two week high of $112.31. The firm’s 50 day moving average price is $53.85 and its 200 day moving average price is $60.66.

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

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.