Quantbot Technologies LP Sells 55,536 Shares of AMN Healthcare Services Inc $AMN

Quantbot Technologies LP reduced its holdings in AMN Healthcare Services Inc (NYSE:AMN) by 67.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,386 shares of the company’s stock after selling 55,536 shares during the period. Quantbot Technologies LP’s holdings in AMN Healthcare Services were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AMN. Norges Bank acquired a new stake in shares of AMN Healthcare Services in the second quarter worth $2,096,000. Quadrature Capital Ltd acquired a new stake in AMN Healthcare Services in the 2nd quarter worth $228,000. Russell Investments Group Ltd. increased its holdings in shares of AMN Healthcare Services by 5.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 223,925 shares of the company’s stock worth $4,629,000 after purchasing an additional 11,613 shares during the period. XTX Topco Ltd acquired a new position in shares of AMN Healthcare Services during the second quarter valued at about $549,000. Finally, Prudential Financial Inc. lifted its stake in shares of AMN Healthcare Services by 5.7% in the second quarter. Prudential Financial Inc. now owns 39,441 shares of the company’s stock valued at $815,000 after buying an additional 2,136 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMN. Citizens Jmp boosted their price target on AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research note on Friday, November 7th. Truist Financial lifted their price objective on AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. UBS Group raised their target price on AMN Healthcare Services from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.75.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $15.99 on Thursday. The business has a 50 day simple moving average of $18.28 and a 200 day simple moving average of $19.43. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $614.06 million, a PE ratio of -2.22 and a beta of 0.21. AMN Healthcare Services Inc has a one year low of $14.86 and a one year high of $30.49.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.20. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The firm had revenue of $634.50 million during the quarter, compared to analyst estimates of $618.08 million. During the same period in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

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.