Connors Investor Services Inc. Sells 1,826 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Connors Investor Services Inc. lessened its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,140 shares of the company’s stock after selling 1,826 shares during the quarter. Connors Investor Services Inc. owned about 0.12% of AMN Healthcare Services worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $31,000. Nisa Investment Advisors LLC increased its stake in shares of 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 period. Quarry LP raised its position in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at $49,000. Finally, Geneos Wealth Management Inc. acquired a new stake in AMN Healthcare Services in the first quarter worth about $58,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Price Performance

NYSE AMN opened at $46.05 on Tuesday. 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 market cap of $1.75 billion, a price-to-earnings ratio of 12.38 and a beta of 0.12. The business has a 50 day simple moving average of $54.48 and a 200 day simple moving average of $56.19. AMN Healthcare Services, Inc. has a 52-week low of $42.23 and a 52-week high of $89.21.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm’s quarterly revenue was down 25.3% on a year-over-year basis. During the same period last year, the business posted $2.38 earnings per share. Analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMN. BMO Capital Markets raised their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. UBS Group dropped 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. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, JMP Securities lowered their price target on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.83.

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.