Brown Brothers Harriman & Co. Has $14.08 Million Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Brown Brothers Harriman & Co. grew its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 274,742 shares of the company’s stock after acquiring an additional 23,587 shares during the quarter. Brown Brothers Harriman & Co. owned 0.72% of AMN Healthcare Services worth $14,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Quarry LP boosted its holdings in shares of AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after buying an additional 204 shares in the last quarter. Nisa Investment Advisors LLC raised its position in AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after buying an additional 219 shares during the last quarter. Arizona State Retirement System raised its position in AMN Healthcare Services by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock valued at $543,000 after buying an additional 221 shares during the last quarter. Pitcairn Co. increased its position in shares of 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 during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of AMN Healthcare Services by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $47.14 on Monday. The stock has a market cap of $1.79 billion, a PE ratio of 12.67 and a beta of 0.12. AMN Healthcare Services, Inc. has a fifty-two week low of $42.23 and a fifty-two week high of $89.21. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a fifty day moving average of $54.54 and a 200-day moving average of $56.26.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The firm’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 earnings per share. Equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMN has been the subject of several research analyst reports. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. UBS Group decreased their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. JMP Securities decreased their price objective on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a report on Tuesday, August 13th. Finally, BMO Capital Markets lifted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services 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.