Bridge City Capital LLC Trims Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Bridge City Capital LLC reduced its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.5% during the second quarter, Holdings Channel reports. The institutional investor owned 15,528 shares of the company’s stock after selling 9,725 shares during the period. Bridge City Capital LLC’s holdings in AMN Healthcare Services were worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in AMN Healthcare Services during the second quarter valued at approximately $1,086,000. FourThought Financial Partners LLC bought a new position in AMN Healthcare Services in the 1st quarter worth $264,000. FORA Capital LLC increased its stake in AMN Healthcare Services by 146.1% in the 1st quarter. FORA Capital LLC now owns 12,540 shares of the company’s stock worth $1,040,000 after buying an additional 7,444 shares in the last quarter. Tilt Investment Management Holdings PBC increased its stake in AMN Healthcare Services by 104.3% in the 1st quarter. Tilt Investment Management Holdings PBC now owns 9,600 shares of the company’s stock worth $821,000 after buying an additional 4,900 shares in the last quarter. Finally, Aurora Investment Counsel bought a new stake in AMN Healthcare Services during the first quarter valued at about $1,421,000. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Price Performance

Shares of AMN stock traded up $0.77 on Friday, reaching $66.64. The company’s stock had a trading volume of 563,332 shares, compared to its average volume of 706,750. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 2.46 and a beta of 0.41. The stock’s fifty day simple moving average is $76.16 and its 200-day simple moving average is $90.84. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. AMN Healthcare Services, Inc. has a 1 year low of $57.80 and a 1 year high of $125.12.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 2nd. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. AMN Healthcare Services had a net margin of 6.83% and a return on equity of 42.42%. The firm had revenue of $853.46 million for the quarter, compared to the consensus estimate of $851.20 million. During the same period in the previous year, the firm posted $2.57 EPS. The business’s quarterly revenue was down 25.0% on a year-over-year basis. Analysts forecast that AMN Healthcare Services, Inc. will post 8.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMN. Truist Financial dropped their price objective on AMN Healthcare Services from $95.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, November 6th. StockNews.com started coverage on AMN Healthcare Services in a research note on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet cut shares of AMN Healthcare Services from a “b” rating to a “c+” rating in a research report on Monday, October 16th. Benchmark lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $70.00 target price (down from $115.00) on shares of AMN Healthcare Services in a research note on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $103.00.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.