Mutual of America Capital Management LLC Sells 2,102 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Mutual of America Capital Management LLC reduced its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,684 shares of the company’s stock after selling 2,102 shares during the period. Mutual of America Capital Management LLC’s holdings in AMN Healthcare Services were worth $2,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMN. Norges Bank bought a new position in AMN Healthcare Services in the 4th quarter worth about $19,864,000. UBS Group AG grew its stake in AMN Healthcare Services by 79.7% in the 4th quarter. UBS Group AG now owns 114,500 shares of the company’s stock worth $8,574,000 after acquiring an additional 50,775 shares in the last quarter. Franklin Resources Inc. grew its stake in AMN Healthcare Services by 25.9% in the 4th quarter. Franklin Resources Inc. now owns 14,751 shares of the company’s stock worth $1,105,000 after acquiring an additional 3,031 shares in the last quarter. TD Asset Management Inc grew its stake in AMN Healthcare Services by 14.4% in the 4th quarter. TD Asset Management Inc now owns 30,900 shares of the company’s stock worth $2,314,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in AMN Healthcare Services by 9.0% in the 4th quarter. Allianz Asset Management GmbH now owns 136,311 shares of the company’s stock worth $10,207,000 after acquiring an additional 11,294 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Trading Down 5.3 %

NYSE:AMN opened at $42.04 on Wednesday. AMN Healthcare Services, Inc. has a 52 week low of $42.01 and a 52 week high of $87.87. The firm has a 50 day moving average of $53.85 and a 200 day moving average of $55.62. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.30 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 8th. The company reported $0.98 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 company had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. During the same quarter in the prior year, the company posted $2.38 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 25.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.