Allianz SE Takes Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Allianz SE purchased a new position in AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 71,367 shares of the company’s stock, valued at approximately $1,707,000. Allianz SE owned about 0.19% of AMN Healthcare Services as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in AMN. FMR LLC boosted its stake in AMN Healthcare Services by 152.4% in the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after acquiring an additional 2,801,663 shares during the last quarter. Vanguard Group Inc. lifted its stake in AMN Healthcare Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock valued at $106,082,000 after purchasing an additional 108,284 shares during the last quarter. State Street Corp grew its holdings in AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after purchasing an additional 16,075 shares during the period. WCM Investment Management LLC grew its holdings in AMN Healthcare Services by 98.8% during the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after purchasing an additional 550,427 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in AMN Healthcare Services by 32.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock worth $21,222,000 after buying an additional 217,643 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AMN. Truist Financial cut their price target on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research report on Thursday, February 6th. BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Price Performance

AMN stock opened at $23.55 on Friday. The firm has a 50 day moving average of $25.58 and a 200-day moving average of $30.19. The firm has a market capitalization of $899.20 million, a P/E ratio of -6.12 and a beta of 0.15. AMN Healthcare Services, Inc. has a 12 month low of $22.47 and a 12 month high of $70.07. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The firm had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. As a group, sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

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.