Edgestream Partners L.P. Purchases 7,165 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Edgestream Partners L.P. raised its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 43.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,755 shares of the company’s stock after buying an additional 7,165 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of AMN Healthcare Services worth $1,217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Quarry LP raised its stake in shares of AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after buying an additional 204 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of AMN Healthcare Services by 41.4% in the second 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 period. Arizona State Retirement System raised its stake in shares of AMN Healthcare Services by 2.1% in the second 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. raised 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 valued at $384,000 after buying an additional 249 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of AMN Healthcare Services by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after buying an additional 252 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $45.66 on Friday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 12.27 and a beta of 0.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock’s 50-day simple moving average is $54.28 and its two-hundred day simple moving average is $55.89. AMN Healthcare Services, Inc. has a twelve month low of $42.23 and a twelve month high of $87.87.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.38 EPS. As a group, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 EPS for the current fiscal year.

Analyst Ratings Changes

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

AMN Healthcare Services Company 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.