Peregrine Capital Management LLC Sells 81,764 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Peregrine Capital Management LLC trimmed its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 97.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,220 shares of the company’s stock after selling 81,764 shares during the quarter. Peregrine Capital Management LLC’s holdings in AMN Healthcare Services were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Quarry LP boosted its position in shares of AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after acquiring an additional 654 shares during the period. Truvestments Capital LLC acquired a new position in shares of AMN Healthcare Services in the third quarter valued at $30,000. Blue Trust Inc. raised its stake in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares in the last quarter. Entropy Technologies LP raised its stake in shares of AMN Healthcare Services by 6.9% in the third quarter. Entropy Technologies LP now owns 13,937 shares of the company’s stock valued at $591,000 after purchasing an additional 897 shares in the last quarter. Finally, Trust Point Inc. raised its stake in shares of AMN Healthcare Services by 12.0% in the fourth quarter. Trust Point Inc. now owns 10,368 shares of the company’s stock valued at $248,000 after purchasing an additional 1,112 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial cut their target price on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group cut their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. JMP Securities restated a “market outperform” rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. BMO Capital Markets cut their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.50.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $23.88 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a fifty day moving average price of $25.42 and a two-hundred day moving average price of $35.45. AMN Healthcare Services, Inc. has a 52-week low of $22.47 and a 52-week high of $70.07. The firm has a market capitalization of $909.00 million, a P/E ratio of 17.30 and a beta of 0.07.

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.