AMN Healthcare Services, Inc. (NYSE:AMN) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 100.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,834 shares of the company’s stock after acquiring an additional 17,948 shares during the period. Intech Investment Management LLC owned 0.09% of AMN Healthcare Services worth $1,519,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMN. Pacer Advisors Inc. acquired a new position in AMN Healthcare Services in the 2nd quarter valued at about $99,349,000. Thrivent Financial for Lutherans increased its position in AMN Healthcare Services by 3,753.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after acquiring an additional 1,230,543 shares during the period. Swedbank AB acquired a new position in AMN Healthcare Services in the 1st quarter valued at about $70,617,000. Vaughan Nelson Investment Management L.P. acquired a new position in AMN Healthcare Services in the 2nd quarter valued at about $45,481,000. Finally, American Century Companies Inc. increased its position in AMN Healthcare Services by 95.3% in the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after acquiring an additional 378,266 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity at AMN Healthcare Services

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

AMN Healthcare Services Stock Performance

AMN opened at $27.16 on Tuesday. The stock has a market cap of $1.03 billion, a P/E ratio of 19.68 and a beta of 0.13. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50 day simple moving average is $37.57 and its 200 day simple moving average is $48.57. AMN Healthcare Services, Inc. has a 1-year low of $23.37 and a 1-year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $1.97 EPS. As a group, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMN. BMO Capital Markets dropped their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. UBS Group dropped their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, JMP Securities dropped 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Company 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.