AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by Kendall Capital Management

Kendall Capital Management trimmed its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 14.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,694 shares of the company’s stock after selling 2,650 shares during the period. Kendall Capital Management’s holdings in AMN Healthcare Services were worth $804,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMN. Quarry LP lifted its position in AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after purchasing an additional 204 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of AMN Healthcare Services by 41.4% during 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 last quarter. Arizona State Retirement System lifted its holdings in shares of AMN Healthcare Services by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock valued at $543,000 after buying an additional 221 shares during the period. Pitcairn Co. boosted its stake in shares of AMN Healthcare Services by 4.2% in the first quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock worth $384,000 after buying an additional 249 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in AMN Healthcare Services by 3.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock worth $345,000 after acquiring an additional 252 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Up 1.6 %

Shares of NYSE AMN opened at $46.82 on Thursday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 12.59 and a beta of 0.12. The company’s 50-day simple moving average is $54.43 and its 200-day simple moving average is $56.05. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. 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 results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. During the same period last year, the company posted $2.38 EPS. AMN Healthcare Services’s quarterly revenue was down 25.3% compared to the same quarter last year. Equities analysts predict that AMN Healthcare Services, Inc. will post 3.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on AMN. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. UBS Group lowered their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. BMO Capital Markets lifted their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. JMP Securities lowered their target price on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.83.

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.