Axa S.A. Invests $275,000 in AMN Healthcare Services, Inc. (NYSE:AMN)

Axa S.A. acquired a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,490 shares of the company’s stock, valued at approximately $275,000.

Several other large investors have also bought and sold shares of AMN. WCM Investment Management LLC raised its position in shares of 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 acquiring an additional 550,427 shares during the last quarter. Reinhart Partners LLC. bought a new position in AMN Healthcare Services during the 4th quarter worth approximately $12,341,000. Thompson Investment Management Inc. lifted its position in shares of AMN Healthcare Services by 381.8% in the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock worth $7,095,000 after purchasing an additional 235,067 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of AMN Healthcare Services by 32.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock valued at $21,222,000 after purchasing an additional 217,643 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of AMN Healthcare Services by 188.4% during the fourth quarter. Wells Fargo & Company MN now owns 301,390 shares of the company’s stock worth $7,209,000 after buying an additional 196,882 shares during the period. 99.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial cut their price target on shares of 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. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, BMO Capital Markets reduced their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $38.67.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $21.99 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $21.82 and a 200 day simple moving average of $25.44. AMN Healthcare Services, Inc. has a 12-month low of $17.45 and a 12-month high of $70.07. The company has a market cap of $839.78 million, a P/E ratio of -5.71 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, May 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.19 by $0.26. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The company had revenue of $689.53 million during the quarter, compared to the consensus estimate of $670.08 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was down 16.0% on a year-over-year basis. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

About AMN Healthcare Services

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.