LRI Investments LLC Acquires 1,274 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

LRI Investments LLC lifted its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 368.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,620 shares of the company’s stock after purchasing an additional 1,274 shares during the period. LRI Investments LLC’s holdings in AMN Healthcare Services were worth $39,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AMN. Barclays PLC lifted its holdings in AMN Healthcare Services by 279.2% during the third quarter. Barclays PLC now owns 91,801 shares of the company’s stock worth $3,891,000 after buying an additional 67,595 shares during the period. Principal Financial Group Inc. lifted its holdings in AMN Healthcare Services by 3.5% during the third quarter. Principal Financial Group Inc. now owns 226,304 shares of the company’s stock worth $9,593,000 after buying an additional 7,628 shares during the period. JPMorgan Chase & Co. lifted its holdings in AMN Healthcare Services by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 150,065 shares of the company’s stock worth $6,361,000 after buying an additional 53,317 shares during the period. Exchange Traded Concepts LLC lifted its holdings in AMN Healthcare Services by 91.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,814 shares of the company’s stock worth $307,000 after buying an additional 6,106 shares during the period. Finally, Tributary Capital Management LLC lifted its holdings in AMN Healthcare Services by 40.9% during the fourth quarter. Tributary Capital Management LLC now owns 328,085 shares of the company’s stock worth $7,848,000 after buying an additional 95,204 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. UBS Group reduced their price target on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their price target on 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. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, Truist Financial reduced their price target on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. One 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.08.

AMN Healthcare Services Price Performance

NYSE AMN opened at $21.82 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. The stock’s fifty day moving average price is $21.75 and its 200 day moving average price is $25.22. AMN Healthcare Services, Inc. has a 1 year low of $17.45 and a 1 year high of $70.07. The company has a market cap of $833.28 million, a price-to-earnings ratio of -5.67 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.26. The company had revenue of $689.53 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The firm’s revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. As a group, equities research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

AMN Healthcare Services Profile

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.