Swedbank AB Sells 54,700 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Swedbank AB cut its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 26.6% during the 3rd quarter, Holdings Channel reports. The firm owned 150,883 shares of the company’s stock after selling 54,700 shares during the period. Swedbank AB’s holdings in AMN Healthcare Services were worth $6,396,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. bought a new position in AMN Healthcare Services in the 2nd quarter worth $99,349,000. Thrivent Financial for Lutherans lifted its holdings in AMN Healthcare Services by 3,753.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after buying an additional 1,230,543 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in AMN Healthcare Services during the 2nd quarter valued at approximately $45,481,000. American Century Companies Inc. grew its holdings in shares of AMN Healthcare Services by 95.3% during the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock worth $39,710,000 after acquiring an additional 378,266 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of AMN Healthcare Services by 1,671.6% in the 2nd quarter. Natixis Advisors LLC now owns 188,060 shares of the company’s stock worth $9,634,000 after acquiring an additional 177,445 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the topic of several recent research reports. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. BMO Capital Markets decreased their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Jefferies Financial Group dropped 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, November 13th. Finally, JMP Securities reduced 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and an average price target of $48.33.

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was 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 owned by insiders.

AMN Healthcare Services Stock Performance

AMN stock opened at $26.30 on Thursday. The stock has a market capitalization of $1.00 billion, a PE ratio of 19.06 and a beta of 0.13. The stock’s 50 day simple moving average is $36.80 and its 200 day simple moving average is $48.13. AMN Healthcare Services, Inc. has a 12-month low of $23.37 and a 12-month high of $80.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last issued its 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 during the quarter, compared to analyst estimates 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 previous year, the firm earned $1.97 EPS. As a group, research analysts forecast that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current fiscal 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.