Wedge Capital Management L L P NC Sells 11,274 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Wedge Capital Management L L P NC trimmed its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 17.9% in the third quarter, Holdings Channel reports. The institutional investor owned 51,782 shares of the company’s stock after selling 11,274 shares during the period. Wedge Capital Management L L P NC’s holdings in AMN Healthcare Services were worth $2,195,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in AMN Healthcare Services in the 2nd quarter valued at $31,000. Nisa Investment Advisors LLC lifted 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 purchasing an additional 219 shares during the period. Quarry LP grew its stake 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. bought a new position in AMN Healthcare Services in the 1st quarter valued at about $58,000. Finally, GAMMA Investing LLC raised its position in shares of 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 buying an additional 811 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $40.49 on Wednesday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 10.88 and a beta of 0.11. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $47.31 and its 200-day moving average price is $53.32. AMN Healthcare Services, Inc. has a 12 month low of $36.50 and a 12 month high of $80.22.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMN shares. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $65.00 to $48.00 in a research note on Monday, October 7th. BMO Capital Markets upped their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. UBS Group decreased 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. Finally, JMP Securities restated a “market outperform” rating and issued a $66.00 price target on shares of AMN Healthcare Services in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.