Wolverine Asset Management LLC Acquires New Shares in AMN Healthcare Services, Inc. (NYSE:AMN)

Wolverine Asset Management LLC acquired a new stake in AMN Healthcare Services, Inc. (NYSE:AMN) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 44,739 shares of the company’s stock, valued at approximately $1,070,000. Wolverine Asset Management LLC owned approximately 0.12% of AMN Healthcare Services at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Quarry LP grew its stake in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after buying an additional 654 shares in the last quarter. Truvestments Capital LLC bought a new position in AMN Healthcare Services in the 3rd quarter valued at $30,000. Blue Trust Inc. boosted its holdings in 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. Entropy Technologies LP boosted its holdings in AMN Healthcare Services by 6.9% in the 3rd quarter. Entropy Technologies LP now owns 13,937 shares of the company’s stock valued at $591,000 after purchasing an additional 897 shares during the period. Finally, Trust Point Inc. boosted its holdings in AMN Healthcare Services by 12.0% in the 4th quarter. Trust Point Inc. now owns 10,368 shares of the company’s stock valued at $248,000 after purchasing an additional 1,112 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $27.50 on Friday. AMN Healthcare Services, Inc. has a 52-week low of $22.47 and a 52-week high of $70.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $1.05 billion, a P/E ratio of -7.14 and a beta of 0.07. The company has a fifty day moving average of $25.40 and a 200-day moving average of $34.96.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The business had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 14.49%. As a group, equities research analysts predict that AMN Healthcare Services, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. JMP Securities reissued a “market outperform” rating and issued a $34.00 price target on shares of AMN Healthcare Services in a report on Thursday, February 6th. Truist Financial cut their price target on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday. BMO Capital Markets cut their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, Jefferies Financial Group dropped their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.33.

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.