AMN Healthcare Services, Inc. (NYSE:AMN) Stake Lessened by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 861,661 shares of the company’s stock after selling 92,704 shares during the quarter. Geode Capital Management LLC’s holdings in AMN Healthcare Services were worth $36,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMN. Barclays PLC boosted its stake in AMN Healthcare Services by 279.2% during the 3rd quarter. Barclays PLC now owns 91,801 shares of the company’s stock valued at $3,891,000 after purchasing an additional 67,595 shares in the last quarter. MML Investors Services LLC boosted its stake in AMN Healthcare Services by 7.8% during the third quarter. MML Investors Services LLC now owns 24,694 shares of the company’s stock valued at $1,047,000 after buying an additional 1,790 shares in the last quarter. Wellington Management Group LLP boosted its stake in AMN Healthcare Services by 54.5% during the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock valued at $32,768,000 after buying an additional 272,552 shares in the last quarter. Weiss Asset Management LP acquired a new position in AMN Healthcare Services during the third quarter worth about $10,026,000. Finally, State Street Corp raised its position in AMN Healthcare Services by 1.1% in the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after acquiring an additional 16,075 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Up 0.8 %

Shares of AMN stock opened at $23.39 on Wednesday. The firm has a market capitalization of $890.55 million, a P/E ratio of 16.95 and a beta of 0.04. AMN Healthcare Services, Inc. has a 1 year low of $22.47 and a 1 year high of $80.22. The firm’s fifty day simple moving average is $30.94 and its 200 day simple moving average is $44.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same quarter last year, the firm earned $1.97 EPS. As a group, sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.07 EPS for the current year.

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMN. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Truist Financial dropped their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $65.00 to $48.00 in a report on Monday, October 7th. JMP Securities cut their target price on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets decreased their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.33.

About AMN Healthcare Services

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.