AMN Healthcare Services, Inc. (NYSE:AMN) Holdings Cut by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust decreased its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 24.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,492 shares of the company’s stock after selling 476 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AMN Healthcare Services were worth $112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new position in shares of AMN Healthcare Services during the 3rd quarter worth $211,000. Arkadios Wealth Advisors increased its stake in shares of AMN Healthcare Services by 16.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,804 shares of the company’s stock worth $239,000 after purchasing an additional 392 shares during the last quarter. Quantbot Technologies LP acquired a new position in AMN Healthcare Services in the 3rd quarter valued at $240,000. Belpointe Asset Management LLC grew its stake in AMN Healthcare Services by 7.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 3,219 shares of the company’s stock valued at $274,000 after buying an additional 218 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in AMN Healthcare Services in the 3rd quarter valued at $296,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Caroline Grace bought 17,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the purchase, the chief executive officer now owns 27,178 shares in the company, valued at approximately $1,540,449.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Caroline Grace bought 17,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the purchase, the chief executive officer now owns 27,178 shares in the company, valued at approximately $1,540,449.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey R. Knudson bought 6,951 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $57.75 per share, with a total value of $401,420.25. Following the completion of the purchase, the chief financial officer now owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 26,626 shares of company stock valued at $1,516,899. Insiders own 0.93% of the company’s stock.

AMN Healthcare Services Trading Up 0.1 %

Shares of AMN stock opened at $57.21 on Thursday. AMN Healthcare Services, Inc. has a 12-month low of $53.77 and a 12-month high of $112.44. The company has a market capitalization of $2.17 billion, a P/E ratio of 10.81 and a beta of 0.22. The firm has a 50-day moving average price of $59.50 and a 200 day moving average price of $67.84. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period last year, the firm posted $2.48 EPS. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. Research analysts forecast that AMN Healthcare Services, Inc. will post 3.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMN shares. StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. JMP Securities decreased their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Monday, February 26th. Finally, Truist Financial reduced their price objective on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.00.

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.