AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by Swedbank AB

Swedbank AB trimmed its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 26.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,883 shares of the company’s stock after selling 54,700 shares during the quarter. Swedbank AB owned approximately 0.40% of AMN Healthcare Services worth $6,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMN. Tributary Capital Management LLC raised its holdings in AMN Healthcare Services by 20.2% during the 1st quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after buying an additional 44,740 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $45,481,000. New South Capital Management Inc. lifted its position in shares of AMN Healthcare Services by 24.6% in the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after acquiring an additional 111,302 shares in the last quarter. Quadrature Capital Ltd boosted its stake in AMN Healthcare Services by 366.6% in the 1st quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock worth $1,455,000 after purchasing an additional 18,264 shares during the period. Finally, Virtu Financial LLC purchased a new position in AMN Healthcare Services during the 1st quarter worth approximately $878,000. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Down 3.3 %

AMN Healthcare Services stock opened at $41.01 on Friday. The company has a market capitalization of $1.56 billion, a P/E ratio of 11.02 and a beta of 0.11. AMN Healthcare Services, Inc. has a 1-year low of $36.50 and a 1-year high of $80.22. The firm’s fifty day simple moving average is $46.18 and its 200-day simple moving average is $53.01. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 earnings per share. Sell-side analysts forecast that AMN Healthcare Services, Inc. will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AMN shares. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities reiterated a “market outperform” rating and issued a $66.00 target price on shares of AMN Healthcare Services in a report on Friday, October 4th. BMO Capital Markets raised their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Finally, UBS Group decreased their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.00.

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.