Swedbank AB Sells 54,700 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Swedbank AB lessened its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 26.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,883 shares of the company’s stock after selling 54,700 shares during the quarter. Swedbank AB owned about 0.40% of AMN Healthcare Services worth $6,396,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AMN. Vanguard Group Inc. boosted its holdings in shares of AMN Healthcare Services by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock worth $268,117,000 after acquiring an additional 37,676 shares during the period. Pacer Advisors Inc. purchased a new position in AMN Healthcare Services during the 2nd quarter valued at about $99,349,000. Thrivent Financial for Lutherans increased its position in shares of AMN Healthcare Services by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after buying an additional 30,157 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after buying an additional 209,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of AMN Healthcare Services by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company’s stock valued at $53,468,000 after acquiring an additional 37,760 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Up 0.1 %

Shares of AMN opened at $26.30 on Thursday. AMN Healthcare Services, Inc. has a 1 year low of $23.37 and a 1 year high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a 50 day simple moving average of $36.80 and a two-hundred day simple moving average of $48.13. The firm has a market cap of $1.00 billion, a P/E ratio of 19.06 and a beta of 0.13.

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. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The company had revenue of $687.51 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter last year, the company earned $1.97 EPS. On average, analysts forecast that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. JMP Securities reduced their target price on 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. Jefferies Financial Group lowered their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. BMO Capital Markets cut their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, Benchmark reaffirmed 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, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.33.

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.