Oppenheimer Asset Management Inc. Decreases Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Oppenheimer Asset Management Inc. lowered its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 48.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,570 shares of the company’s stock after selling 11,685 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AMN Healthcare Services were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMN. Mather Group LLC. purchased a new position in AMN Healthcare Services in the second quarter worth $31,000. Nisa Investment Advisors LLC boosted 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 purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 buying an additional 811 shares during the last quarter. Innealta Capital LLC acquired a new position in AMN Healthcare Services during the 2nd quarter valued at about $65,000. Finally, Farther Finance Advisors LLC raised its stake in AMN Healthcare Services by 455.0% in the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after buying an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMN. Truist Financial dropped their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. BMO Capital Markets cut their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. UBS Group lowered their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Finally, Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. Two 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.com, the company presently has an average rating of “Hold” and an average target price of $48.33.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction on 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 in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.93% of the company’s stock.

AMN Healthcare Services Trading Down 5.5 %

NYSE AMN opened at $25.03 on Wednesday. The company has a fifty day moving average of $39.13 and a 200 day moving average of $49.55. The company has a market capitalization of $952.89 million, a PE ratio of 18.14 and a beta of 0.13. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. AMN Healthcare Services, Inc. has a 1 year low of $23.37 and a 1 year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same quarter in the prior year, the business earned $1.97 earnings per share. Research analysts forecast that AMN Healthcare Services, Inc. will post 3.09 earnings per share 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.