Broadview Advisors LLC Decreases Position in AMN Healthcare Services, Inc. (AMN)

Broadview Advisors LLC reduced its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 30.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,170 shares of the company’s stock after selling 43,430 shares during the quarter. Broadview Advisors LLC’s holdings in AMN Healthcare Services were worth $5,425,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of AMN. Putnam FL Investment Management Co. raised its position in AMN Healthcare Services by 1.3% during the second quarter. Putnam FL Investment Management Co. now owns 64,167 shares of the company’s stock valued at $3,760,000 after acquiring an additional 842 shares in the last quarter. Amalgamated Bank raised its position in AMN Healthcare Services by 13.4% during the second quarter. Amalgamated Bank now owns 7,699 shares of the company’s stock valued at $451,000 after acquiring an additional 911 shares in the last quarter. Piedmont Investment Advisors LLC raised its position in AMN Healthcare Services by 9.4% during the second quarter. Piedmont Investment Advisors LLC now owns 11,140 shares of the company’s stock valued at $653,000 after acquiring an additional 954 shares in the last quarter. Vident Investment Advisory LLC raised its position in AMN Healthcare Services by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 66,038 shares of the company’s stock valued at $3,870,000 after acquiring an additional 990 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its position in AMN Healthcare Services by 6.9% during the third quarter. Stone Ridge Asset Management LLC now owns 17,927 shares of the company’s stock valued at $981,000 after acquiring an additional 1,157 shares in the last quarter.

In other news, insider Susan R. Salka sold 11,953 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $56.49, for a total value of $675,224.97. Following the transaction, the insider now owns 153,789 shares of the company’s stock, valued at $8,687,540.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.18% of the company’s stock.

Several brokerages recently weighed in on AMN. Zacks Investment Research raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Tuesday. Robert W. Baird reaffirmed a “hold” rating and set a $58.00 price objective on shares of AMN Healthcare Services in a research report on Friday, August 3rd. Lake Street Capital cut their price objective on shares of AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $68.00 price objective on shares of AMN Healthcare Services in a research report on Friday, August 3rd. Finally, ValuEngine lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.50.

NYSE:AMN opened at $59.95 on Friday. AMN Healthcare Services, Inc. has a 12 month low of $46.55 and a 12 month high of $68.20. The company has a market capitalization of $2.82 billion, a PE ratio of 19.35, a PEG ratio of 1.42 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.58.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.08. AMN Healthcare Services had a net margin of 6.96% and a return on equity of 25.32%. The company had revenue of $526.84 million for the quarter, compared to analyst estimates of $526.90 million. During the same quarter last year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts predict that AMN Healthcare Services, Inc. will post 3.27 earnings per share for the current fiscal year.

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AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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