Entropy Technologies LP Acquires 897 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Entropy Technologies LP increased its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,937 shares of the company’s stock after buying an additional 897 shares during the period. Entropy Technologies LP’s holdings in AMN Healthcare Services were worth $591,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Versor Investments LP bought a new position in AMN Healthcare Services in the third quarter worth approximately $818,000. Vaughan Nelson Investment Management L.P. bought a new position in AMN Healthcare Services in the second quarter worth approximately $45,481,000. New South Capital Management Inc. raised its stake in AMN Healthcare Services by 24.6% in the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after buying an additional 111,302 shares in the last quarter. Quadrature Capital Ltd raised its stake in AMN Healthcare Services by 366.6% in the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock worth $1,455,000 after buying an additional 18,264 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in AMN Healthcare Services in the first quarter worth approximately $878,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Down 3.0 %

AMN stock opened at $23.86 on Friday. The company has a market cap of $908.35 million, a price-to-earnings ratio of 17.16 and a beta of 0.13. The company has a current ratio of 1.18, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. AMN Healthcare Services, Inc. has a 12 month low of $23.50 and a 12 month high of $80.22. The firm has a 50-day moving average of $40.52 and a two-hundred day moving average of $50.36.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter last year, the firm earned $1.97 EPS. As a group, analysts forecast that AMN Healthcare Services, Inc. will post 3.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMN shares. Jefferies Financial Group reduced their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday. JMP Securities reduced their price target 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. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Finally, StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Two 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.33.

Insider Buying and Selling

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

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.