Brown Brothers Harriman & Co. Cuts Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Brown Brothers Harriman & Co. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 97.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,567 shares of the company’s stock after selling 256,475 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in AMN Healthcare Services were worth $157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after acquiring an additional 2,801,663 shares during the period. WCM Investment Management LLC raised 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 worth $26,367,000 after purchasing an additional 550,427 shares in the last quarter. Reinhart Partners LLC. acquired a new stake in AMN Healthcare Services in the fourth quarter valued at about $12,341,000. Wellington Management Group LLP boosted its holdings in AMN Healthcare Services by 54.5% in the 3rd quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock valued at $32,768,000 after purchasing an additional 272,552 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in AMN Healthcare Services during the 3rd quarter worth approximately $10,026,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Trading Down 2.6 %

Shares of AMN stock opened at $23.81 on Wednesday. The stock has a market cap of $909.39 million, a P/E ratio of -6.19 and a beta of 0.15. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $70.07. The business has a fifty day simple moving average of $25.48 and a 200-day simple moving average of $29.80.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $694.38 million. On average, analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

AMN Healthcare Services Company 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.