State of Tennessee Treasury Department Reduces Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

State of Tennessee Treasury Department lowered its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,852 shares of the company’s stock after selling 1,812 shares during the period. State of Tennessee Treasury Department owned 0.08% of AMN Healthcare Services worth $2,178,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of AMN Healthcare Services by 6.1% in the first quarter. FMR LLC now owns 256,084 shares of the company’s stock worth $12,059,000 after buying an additional 14,801 shares in the last quarter. First Trust Advisors LP raised its position in shares of AMN Healthcare Services by 111.3% in the first quarter. First Trust Advisors LP now owns 67,437 shares of the company’s stock worth $3,176,000 after buying an additional 35,522 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of AMN Healthcare Services in the second quarter worth $691,000. Scout Investments Inc. raised its position in shares of AMN Healthcare Services by 65.0% in the second quarter. Scout Investments Inc. now owns 169,747 shares of the company’s stock worth $9,209,000 after buying an additional 66,882 shares in the last quarter. Finally, First National Bank of Omaha raised its position in shares of AMN Healthcare Services by 0.9% in the second quarter. First National Bank of Omaha now owns 160,164 shares of the company’s stock worth $8,689,000 after buying an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

A number of equities research analysts recently issued reports on AMN shares. William Blair reiterated an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, September 20th. Benchmark set a $65.00 price objective on AMN Healthcare Services and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets set a $60.00 price objective on AMN Healthcare Services and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research downgraded AMN Healthcare Services from a “strong-buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. AMN Healthcare Services presently has an average rating of “Buy” and an average target price of $67.40.

AMN opened at $60.53 on Friday. The stock has a market cap of $2.80 billion, a PE ratio of 18.40, a P/E/G ratio of 1.57 and a beta of 0.80. The company has a quick ratio of 1.55, a current ratio of 1.47 and a debt-to-equity ratio of 1.00. AMN Healthcare Services, Inc. has a 52 week low of $45.04 and a 52 week high of $65.81. The business’s fifty day simple moving average is $57.39 and its 200 day simple moving average is $54.44.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, October 31st. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.08. The business had revenue of $567.60 million for the quarter, compared to analysts’ expectations of $562.69 million. AMN Healthcare Services had a return on equity of 22.47% and a net margin of 5.64%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current year.

In related news, CEO Susan R. Salka sold 18,156 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $60.19, for a total value of $1,092,809.64. Following the transaction, the chief executive officer now owns 131,555 shares of the company’s stock, valued at $7,918,295.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. E. Johns sold 2,659 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.88, for a total value of $159,220.92. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at approximately $2,395,200. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities 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; 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 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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