Strengthening Families & Communities LLC Grows Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Strengthening Families & Communities LLC raised its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,723 shares of the company’s stock after acquiring an additional 1,119 shares during the period. Strengthening Families & Communities LLC’s holdings in AMN Healthcare Services were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMN. Nisa Investment Advisors LLC lifted its position in AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after acquiring an additional 219 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of AMN Healthcare Services by 2.1% in the second quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock valued at $543,000 after purchasing an additional 221 shares during the period. Pitcairn Co. grew its holdings in AMN Healthcare Services by 4.2% during the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock valued at $384,000 after purchasing an additional 249 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in AMN Healthcare Services by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock worth $345,000 after buying an additional 252 shares during the period. Finally, SummerHaven Investment Management LLC increased its stake in AMN Healthcare Services by 4.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock worth $360,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’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 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 represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMN. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Jefferies Financial Group lowered their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the company from $65.00 to $48.00 in a research report on Monday, October 7th. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Stock Performance

AMN stock opened at $26.50 on Tuesday. The stock’s 50 day simple moving average is $39.51 and its 200 day simple moving average is $49.78. AMN Healthcare Services, Inc. has a 12-month low of $23.37 and a 12-month high of $80.22. The firm has a market cap of $1.01 billion, a P/E ratio of 19.20 and a beta of 0.13. The company has a current ratio of 1.18, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. During the same quarter in the previous year, the firm earned $1.97 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services, Inc. will post 3.09 EPS for the current year.

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.