TD Asset Management Inc Sells 22,600 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

TD Asset Management Inc trimmed its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 64.0% during the 2nd quarter, Holdings Channel reports. The fund owned 12,700 shares of the company’s stock after selling 22,600 shares during the period. TD Asset Management Inc’s holdings in AMN Healthcare Services were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Mather Group LLC. bought a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $31,000. Nisa Investment Advisors LLC increased its holdings in shares of AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares during the period. Quarry LP raised its position in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of AMN Healthcare Services during the 4th quarter worth $49,000. Finally, Geneos Wealth Management Inc. bought a new stake in AMN Healthcare Services during the first quarter valued at about $58,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN opened at $47.14 on Monday. The business’s 50-day moving average is $54.54 and its two-hundred day moving average is $56.26. The company has a market capitalization of $1.79 billion, a P/E ratio of 12.67 and a beta of 0.12. AMN Healthcare Services, Inc. has a fifty-two week low of $42.23 and a fifty-two week high of $89.21. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The firm had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. During the same period last year, the company earned $2.38 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 25.3% compared to the same quarter last year. Research analysts predict that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. UBS Group decreased their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. BMO Capital Markets lifted their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. JMP Securities reduced their price target on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 13th. Finally, StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.83.

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.