Tidal Investments LLC Sells 6,518 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Tidal Investments LLC trimmed its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 39.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,081 shares of the company’s stock after selling 6,518 shares during the period. Tidal Investments LLC’s holdings in AMN Healthcare Services were worth $427,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at $30,000. Nisa Investment Advisors LLC raised its holdings in AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after buying an additional 219 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of AMN Healthcare Services in the second quarter worth about $65,000. Farther Finance Advisors LLC boosted its stake in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of AMN Healthcare Services by 48.4% during the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after acquiring an additional 654 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMN shares. Jefferies Financial Group reduced their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. JMP Securities lowered their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, BMO Capital Markets lowered their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, AMN Healthcare Services has an average rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $23.21 on Tuesday. The firm’s 50-day moving average is $30.94 and its 200-day moving average is $44.01. The company has a market cap of $883.70 million, a price-to-earnings ratio of 16.82 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. AMN Healthcare Services, Inc. has a 52-week low of $22.47 and a 52-week high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly 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 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same period in the previous year, the company posted $1.97 earnings per share. Equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current year.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by company insiders.

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.