AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by Maryland State Retirement & Pension System

Posted by Defense World Staff on Sep 22nd, 2023

Maryland State Retirement & Pension System lowered its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,446 shares of the company’s stock after selling 2,006 shares during the quarter. Maryland State Retirement & Pension System’s holdings in AMN Healthcare Services were worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in AMN Healthcare Services by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,662,414 shares of the company’s stock worth $590,760,000 after purchasing an additional 59,967 shares during the period. State Street Corp raised its stake in shares of AMN Healthcare Services by 3.7% during the first quarter. State Street Corp now owns 1,555,978 shares of the company’s stock valued at $162,335,000 after purchasing an additional 56,075 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of AMN Healthcare Services by 12.9% during the first quarter. Federated Hermes Inc. now owns 1,160,843 shares of the company’s stock valued at $121,110,000 after purchasing an additional 132,587 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of AMN Healthcare Services by 13.2% during the fourth quarter. Point72 Asset Management L.P. now owns 902,000 shares of the company’s stock valued at $92,744,000 after purchasing an additional 105,300 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of AMN Healthcare Services by 2.1% during the first quarter. Geode Capital Management LLC now owns 880,521 shares of the company’s stock valued at $73,048,000 after purchasing an additional 17,959 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 2.5 %

NYSE:AMN opened at $82.10 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.20 and a quick ratio of 1.20. AMN Healthcare Services, Inc. has a fifty-two week low of $81.15 and a fifty-two week high of $129.04. The stock’s 50-day moving average is $93.84 and its two-hundred day moving average is $94.02. The stock has a market cap of $3.12 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 3.25 and a beta of 0.41.

AMN Healthcare Services (NYSE:AMN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.14 by $0.24. The business had revenue of $991.30 million during the quarter, compared to analysts’ expectations of $988.32 million. AMN Healthcare Services had a return on equity of 42.90% and a net margin of 7.29%. The firm’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.31 EPS. As a group, equities research analysts forecast that AMN Healthcare Services, Inc. will post 8.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMN. Truist Financial lifted their price objective on shares of AMN Healthcare Services from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 4th. StockNews.com began coverage on shares of AMN Healthcare Services in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Credit Suisse Group dropped their price target on shares of AMN Healthcare Services from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $114.00 to $106.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Finally, Bank of America cut shares of AMN Healthcare Services from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $112.00 to $104.00 in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.17.

Check Out Our Latest Report on AMN Healthcare Services

AMN Healthcare Services Company Profile

(Free Report)

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.