Wealthfront Advisers LLC Purchases Shares of 70,704 AMN Healthcare Services, Inc. (NYSE:AMN)

Wealthfront Advisers LLC purchased a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 70,704 shares of the company’s stock, valued at approximately $1,691,000.

A number of other institutional investors have also recently made changes to their positions in AMN. Truvestments Capital LLC acquired a new position in shares of AMN Healthcare Services in the 3rd quarter valued at about $30,000. Jones Financial Companies Lllp lifted its stake in shares of AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after purchasing an additional 377 shares during the period. Blue Trust Inc. lifted its stake in shares of AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares during the period. KBC Group NV lifted its stake in shares of AMN Healthcare Services by 110.9% in the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after purchasing an additional 1,303 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of AMN Healthcare Services by 189.6% in the 4th quarter. GAMMA Investing LLC now owns 3,018 shares of the company’s stock valued at $72,000 after purchasing an additional 1,976 shares during the period. Institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMN shares. Truist Financial dropped their price objective on 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. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. BMO Capital Markets dropped their price target on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. One 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.17.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $26.69 on Friday. The company has a market cap of $1.02 billion, a PE ratio of -6.93 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. The business has a 50 day moving average price of $25.99 and a 200-day moving average price of $32.19. AMN Healthcare Services, Inc. has a 52 week low of $22.47 and a 52 week high of $70.07.

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

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.