AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 16.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,259 shares of the company’s stock after buying an additional 13,617 shares during the period. Citigroup Inc.’s holdings in AMN Healthcare Services were worth $4,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in AMN Healthcare Services during the third quarter valued at $818,000. Anthracite Investment Company Inc. acquired a new position in AMN Healthcare Services in the 3rd quarter valued at about $1,696,000. Vaughan Nelson Investment Management L.P. acquired a new position in AMN Healthcare Services in the 2nd quarter valued at about $45,481,000. New South Capital Management Inc. lifted its holdings in shares of AMN Healthcare Services by 24.6% in the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after acquiring an additional 111,302 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of AMN Healthcare Services by 2.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock worth $54,831,000 after acquiring an additional 30,157 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMN has been the topic of several recent analyst reports. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Truist Financial dropped their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Jefferies Financial Group lowered their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, JMP Securities reduced their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and a consensus price target of $48.33.

Insider Buying and Selling at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares in the company, valued at approximately $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is owned by insiders.

AMN Healthcare Services Trading Down 1.6 %

Shares of AMN stock opened at $27.15 on Wednesday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 19.67 and a beta of 0.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. AMN Healthcare Services, Inc. has a fifty-two week low of $23.37 and a fifty-two week high of $80.22. The firm’s 50 day moving average price is $34.97 and its two-hundred day moving average price is $46.96.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter in the previous year, the firm earned $1.97 earnings per share. On average, analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 EPS 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.