AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. trimmed its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 1.6% in the third quarter, Holdings Channel reports. The firm owned 553,891 shares of the company’s stock after selling 9,256 shares during the period. New South Capital Management Inc.’s holdings in AMN Healthcare Services were worth $23,479,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP grew its position in AMN Healthcare Services by 6.9% in the 3rd quarter. Entropy Technologies LP now owns 13,937 shares of the company’s stock valued at $591,000 after acquiring an additional 897 shares in the last quarter. WCM Investment Management LLC grew its position in AMN Healthcare Services by 2.7% in the 3rd quarter. WCM Investment Management LLC now owns 556,978 shares of the company’s stock valued at $23,711,000 after acquiring an additional 14,615 shares in the last quarter. Versor Investments LP acquired a new position in AMN Healthcare Services in the 3rd quarter valued at about $818,000. Principal Financial Group Inc. grew its position in AMN Healthcare Services by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 226,304 shares of the company’s stock valued at $9,593,000 after acquiring an additional 7,628 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in AMN Healthcare Services by 9.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,628 shares of the company’s stock valued at $874,000 after acquiring an additional 1,852 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s 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 owns 37,550 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMN. BMO Capital Markets decreased their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Finally, JMP Securities decreased their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $52.60.

AMN Healthcare Services Stock Performance

NYSE AMN traded down $0.36 on Tuesday, reaching $27.44. The stock had a trading volume of 60,250 shares, compared to its average volume of 822,214. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. AMN Healthcare Services, Inc. has a 12-month low of $26.77 and a 12-month high of $80.22. The business’s 50-day moving average price is $42.13 and its 200 day moving average price is $50.96. The stock has a market cap of $1.04 billion, a P/E ratio of 20.15 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 analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a return on equity of 17.35% and a net margin of 1.73%. During the same quarter in the previous year, the company posted $1.97 earnings per share. As a group, equities analysts expect that AMN Healthcare Services, Inc. will post 3.13 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.