Public Sector Pension Investment Board Sells 3,000 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Public Sector Pension Investment Board reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,607 shares of the company’s stock after selling 3,000 shares during the quarter. Public Sector Pension Investment Board owned about 0.21% of AMN Healthcare Services worth $3,417,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC increased its position in AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after purchasing an additional 2,801,663 shares during the period. Pacer Advisors Inc. bought a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at about $99,349,000. Thrivent Financial for Lutherans increased its position in shares of AMN Healthcare Services by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after buying an additional 30,157 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after buying an additional 209,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in AMN Healthcare Services by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company’s stock worth $53,468,000 after buying an additional 37,760 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMN has been the subject of several research reports. Jefferies Financial Group decreased their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. JMP Securities lowered their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 22nd. BMO Capital Markets decreased their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, UBS Group dropped their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.33.

AMN Healthcare Services Price Performance

Shares of AMN opened at $27.15 on Wednesday. The company has a market capitalization of $1.03 billion, a P/E ratio of 19.67 and a beta of 0.04. AMN Healthcare Services, Inc. has a twelve month low of $23.37 and a twelve month high of $80.22. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $34.97 and a 200 day moving average of $46.96.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same quarter last year, the company earned $1.97 EPS. As a group, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.93% of the stock is owned by insiders.

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.