Amalgamated Bank Sells 328 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Amalgamated Bank reduced its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,614 shares of the company’s stock after selling 328 shares during the period. Amalgamated Bank’s holdings in AMN Healthcare Services were worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new position in shares of AMN Healthcare Services during the 2nd quarter worth about $31,000. Nisa Investment Advisors LLC grew its position in AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares in the last quarter. Quarry LP grew its position in AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after buying an additional 204 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in AMN Healthcare Services during the first quarter worth about $58,000. Finally, GAMMA Investing LLC raised its holdings in AMN Healthcare Services by 232.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMN. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. UBS Group cut their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. JMP Securities lowered their target price on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 13th. Finally, BMO Capital Markets lifted their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.83.

AMN Healthcare Services Trading Down 0.1 %

AMN Healthcare Services stock opened at $42.57 on Friday. The stock has a 50-day simple moving average of $52.98 and a 200 day simple moving average of $55.32. The stock has a market capitalization of $1.62 billion, a P/E ratio of 11.44 and a beta of 0.12. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. AMN Healthcare Services, Inc. has a 52 week low of $40.73 and a 52 week high of $87.87.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. The business had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business’s revenue was down 25.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.38 EPS. Analysts expect that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current year.

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.