Y Intercept Hong Kong Ltd Buys New Shares in AMN Healthcare Services, Inc. (NYSE:AMN)

Y Intercept Hong Kong Ltd bought a new stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,087 shares of the company’s stock, valued at approximately $863,000.

A number of other large investors also recently modified their holdings of the company. Quarry LP lifted its stake in shares of AMN Healthcare Services by 48.4% during the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after buying an additional 654 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of AMN Healthcare Services during the 3rd quarter valued at $30,000. Blue Trust Inc. lifted its stake in shares of AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after buying an additional 754 shares in the last quarter. Entropy Technologies LP lifted its stake in shares of AMN Healthcare Services by 6.9% during the 3rd quarter. Entropy Technologies LP now owns 13,937 shares of the company’s stock valued at $591,000 after buying an additional 897 shares in the last quarter. Finally, Trust Point Inc. lifted its stake in shares of AMN Healthcare Services by 12.0% during the 4th quarter. Trust Point Inc. now owns 10,368 shares of the company’s stock valued at $248,000 after buying an additional 1,112 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

AMN has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Truist Financial decreased their price target on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. BMO Capital Markets decreased 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 note on Monday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and an average target price of $41.17.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN opened at $26.65 on Friday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.92 and a beta of 0.07. AMN Healthcare Services, Inc. has a 12 month low of $22.47 and a 12 month high of $70.07. The firm’s 50-day moving average is $25.52 and its 200 day moving average is $34.25. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The company had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. Research analysts predict that AMN Healthcare Services, Inc. will post 1.33 EPS for the current 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.