Public Sector Pension Investment Board Lowers Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Public Sector Pension Investment Board reduced its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 80,607 shares of the company’s stock after selling 3,000 shares during the period. Public Sector Pension Investment Board’s holdings in AMN Healthcare Services were worth $3,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its stake in AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after buying an additional 2,801,663 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of AMN Healthcare Services in the second quarter worth about $99,349,000. Thrivent Financial for Lutherans grew its position in shares of AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after purchasing an additional 1,230,543 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in AMN Healthcare Services during the 2nd quarter valued at approximately $45,481,000. Finally, American Century Companies Inc. raised its stake in AMN Healthcare Services by 95.3% during the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after purchasing an additional 378,266 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMN. UBS Group cut their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Jefferies Financial Group reduced their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Truist Financial dropped their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 8th. JMP Securities cut their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 22nd. Finally, Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $48.33.

Insider Buying and Selling at AMN Healthcare Services

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

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $27.15 on Wednesday. The firm has a market capitalization of $1.03 billion, a PE ratio of 19.67 and a beta of 0.04. The stock’s fifty day moving average is $34.97 and its 200 day moving average is $46.96. AMN Healthcare Services, Inc. has a fifty-two week low of $23.37 and a fifty-two week high of $80.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million for 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 in the prior year, the firm posted $1.97 earnings per share. On average, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current year.

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.