AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,619 shares of the company’s stock after selling 4,457 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of AMN Healthcare Services worth $2,231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in AMN Healthcare Services in the third quarter valued at approximately $151,000. CWC Advisors LLC. purchased a new stake in AMN Healthcare Services in the 3rd quarter valued at $254,000. Hunter Perkins Capital Management LLC boosted its stake in AMN Healthcare Services by 16.9% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 28,365 shares of the company’s stock worth $1,202,000 after purchasing an additional 4,095 shares during the period. Exchange Traded Concepts LLC grew its position in AMN Healthcare Services by 5.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock worth $284,000 after purchasing an additional 337 shares during the last quarter. Finally, CWM LLC grew its position in AMN Healthcare Services by 10.6% during the 3rd quarter. CWM LLC now owns 13,894 shares of the company’s stock worth $589,000 after purchasing an additional 1,336 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Activity

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

AMN has been the subject of several recent research reports. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. Truist Financial decreased their price objective on AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, October 21st. BMO Capital Markets boosted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. UBS Group decreased their price target 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. 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, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and a consensus price target of $58.20.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $40.90 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock has a 50 day simple moving average of $42.61 and a 200-day simple moving average of $51.23. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 15.79 and a beta of 0.13. AMN Healthcare Services, Inc. has a 12-month low of $36.50 and a 12-month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (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 analysts’ expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.38 earnings per share. On average, equities analysts forecast that AMN Healthcare Services, Inc. will post 3.15 EPS 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.