Anthracite Investment Company Inc. Takes $1.70 Million Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Anthracite Investment Company Inc. purchased a new position in AMN Healthcare Services, Inc. (NYSE:AMN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 40,000 shares of the company’s stock, valued at approximately $1,696,000. Anthracite Investment Company Inc. owned approximately 0.11% of AMN Healthcare Services at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMN. SG Americas Securities LLC bought a new position in shares of AMN Healthcare Services during the first quarter valued at $253,000. ProShare Advisors LLC increased its stake in AMN Healthcare Services by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,678 shares of the company’s stock valued at $480,000 after purchasing an additional 529 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in AMN Healthcare Services by 24.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,136 shares of the company’s stock worth $884,000 after buying an additional 2,780 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of AMN Healthcare Services by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock valued at $268,117,000 after buying an additional 37,676 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in AMN Healthcare Services by 1.8% during the 1st quarter. Clearbridge Investments LLC now owns 175,502 shares of the company’s stock valued at $10,971,000 after purchasing an additional 3,161 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. This represents a 6.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.93% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on AMN shares. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $65.00 to $48.00 in a report on Monday, October 7th. JMP Securities dropped their price target on shares of 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 decreased their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, UBS Group cut their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN opened at $25.03 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. AMN Healthcare Services, Inc. has a 12 month low of $23.37 and a 12 month high of $80.22. The company has a market capitalization of $952.89 million, a price-to-earnings ratio of 18.14 and a beta of 0.13. The firm’s 50-day moving average is $39.13 and its 200 day moving average is $49.55.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period in the previous year, the company earned $1.97 EPS. 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.