Mutual of America Capital Management LLC Lowers Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Mutual of America Capital Management LLC reduced its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 1.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 47,760 shares of the company’s stock after selling 924 shares during the period. Mutual of America Capital Management LLC’s holdings in AMN Healthcare Services were worth $2,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at $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 valued at $38,000 after purchasing an additional 219 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of AMN Healthcare Services by 232.4% in the second 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. Farther Finance Advisors LLC grew its holdings in shares of AMN Healthcare Services by 455.0% in the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after purchasing an additional 1,224 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of AMN Healthcare Services in the second quarter worth $65,000. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Price Performance

NYSE AMN opened at $25.84 on Monday. The company has a 50-day moving average price of $37.57 and a 200-day moving average price of $48.65. AMN Healthcare Services, Inc. has a 52 week low of $23.37 and a 52 week high of $80.22. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $983.83 million, a P/E ratio of 18.72 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly 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. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The business had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter in the prior year, the business posted $1.97 earnings per share. Equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current year.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction 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 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMN. JMP Securities reduced their price target on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. UBS Group reduced their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Bank of America downgraded 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 report on Monday, October 7th. Finally, BMO Capital Markets dropped their price objective 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus target price of $48.33.

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.