Blue Trust Inc. Sells 2,032 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Blue Trust Inc. lowered its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 55.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,627 shares of the company’s stock after selling 2,032 shares during the period. Blue Trust Inc.’s holdings in AMN Healthcare Services were worth $69,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at approximately $31,000. Nisa Investment Advisors LLC lifted its position in AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in AMN Healthcare Services during the first quarter worth $58,000. GAMMA Investing LLC increased its position in AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of AMN Healthcare Services in the second quarter valued at $65,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $39.44 on Thursday. AMN Healthcare Services, Inc. has a one year low of $36.50 and a one year high of $80.22. The company has a market capitalization of $1.50 billion, a PE ratio of 10.60 and a beta of 0.11. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50-day simple moving average of $44.45 and a two-hundred day simple moving average of $52.02.

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

Analyst Upgrades and Downgrades

AMN has been the subject of a number of recent analyst reports. JMP Securities dropped their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. UBS Group lowered their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the company from $65.00 to $48.00 in a research report on Monday, October 7th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Truist Financial cut their price objective on shares of AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.17.

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.