Azzad Asset Management Inc. ADV Raises Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Azzad Asset Management Inc. ADV grew its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 19.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,184 shares of the company’s stock after buying an additional 1,478 shares during the period. Azzad Asset Management Inc. ADV’s holdings in AMN Healthcare Services were worth $574,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. FourThought Financial Partners LLC raised its holdings in AMN Healthcare Services by 3.7% in the fourth quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock worth $296,000 after buying an additional 139 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of AMN Healthcare Services by 69.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after purchasing an additional 147 shares during the last quarter. CWM LLC raised its holdings in shares of AMN Healthcare Services by 1.2% during the fourth quarter. CWM LLC now owns 12,818 shares of the company’s stock valued at $960,000 after purchasing an additional 155 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of AMN Healthcare Services by 2.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 6,623 shares of the company’s stock valued at $496,000 after purchasing an additional 155 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after purchasing an additional 204 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JMP Securities restated a “market outperform” rating and set a $75.00 target price on shares of AMN Healthcare Services in a research report on Friday, May 10th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Bank of America upped their price target on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Finally, Truist Financial dropped their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.57.

AMN Healthcare Services Price Performance

Shares of AMN stock traded down $0.53 during mid-day trading on Wednesday, hitting $49.24. The company had a trading volume of 77,934 shares, compared to its average volume of 794,837. AMN Healthcare Services, Inc. has a 52-week low of $48.76 and a 52-week high of $112.44. The stock’s 50 day moving average price is $55.88 and its 200-day moving average price is $62.96. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $1.87 billion, a P/E ratio of 13.38 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 9th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The firm had revenue of $820.90 million for the quarter, compared to the consensus estimate of $816.54 million. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The company’s quarterly revenue was down 27.1% compared to the same quarter last year. Equities research analysts forecast that AMN Healthcare Services, Inc. will post 3.15 earnings per share 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.