US Bancorp DE Cuts Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

US Bancorp DE lowered its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 24.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,488 shares of the company’s stock after selling 2,804 shares during the quarter. US Bancorp DE’s holdings in AMN Healthcare Services were worth $360,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Mather Group LLC. bought a new position in AMN Healthcare Services in the second quarter worth approximately $31,000. Nisa Investment Advisors LLC raised its position 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 worth $38,000 after acquiring an additional 219 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after purchasing an additional 811 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter worth $65,000. Finally, EMC Capital Management bought a new stake in AMN Healthcare Services during the first quarter valued at about $126,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMN shares. JMP Securities decreased 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 report on Tuesday, October 22nd. 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 report on Monday. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Truist Financial reduced their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and an average target price of $52.60.

Insider Activity

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction 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 $1,385,595. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

AMN Healthcare Services Trading Down 6.2 %

Shares of AMN Healthcare Services stock opened at $26.09 on Wednesday. AMN Healthcare Services, Inc. has a 12-month low of $25.66 and a 12-month high of $80.22. The firm’s 50 day simple moving average is $41.09 and its two-hundred day simple moving average is $50.54. 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 firm has a market capitalization of $991.42 million, a price-to-earnings ratio of 18.91 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.35% and a net margin of 1.73%. The firm had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same period in the prior year, the firm earned $1.97 EPS. Analysts predict that AMN Healthcare Services, Inc. will post 3.13 EPS for the current year.

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.