Truvestments Capital LLC Buys Shares of 713 AMN Healthcare Services, Inc. (NYSE:AMN)

Truvestments Capital LLC purchased a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 713 shares of the company’s stock, valued at approximately $30,000.

Other large investors have also modified their holdings of the company. Tidal Investments LLC lifted its position in shares of AMN Healthcare Services by 76.6% in the first quarter. Tidal Investments LLC now owns 16,308 shares of the company’s stock valued at $1,019,000 after acquiring an additional 7,071 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of AMN Healthcare Services during the 1st quarter valued at about $878,000. Cetera Advisors LLC acquired a new position in shares of AMN Healthcare Services during the 1st quarter valued at about $238,000. SG Capital Management LLC purchased a new position in shares of AMN Healthcare Services during the 1st quarter worth about $2,089,000. Finally, GAMMA Investing LLC boosted its position in shares of AMN Healthcare Services by 232.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after acquiring an additional 811 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on AMN. BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. JMP Securities cut their target price on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Finally, Truist Financial reduced their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $26.29 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. AMN Healthcare Services, Inc. has a 1-year low of $23.37 and a 1-year high of $80.22. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 19.05 and a beta of 0.13. The business has a 50-day moving average of $36.00 and a 200-day moving average of $47.83.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter in the prior year, the business earned $1.97 EPS. On average, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.09 EPS for the current fiscal year.

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction that occurred on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.93% of the company’s stock.

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.