Aristeia Capital L.L.C. Invests $505,000 in AMN Healthcare Services, Inc. (NYSE:AMN)

Aristeia Capital L.L.C. purchased a new stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,858 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds have also made changes to their positions in AMN. Magnetar Financial LLC acquired a new stake in AMN Healthcare Services during the 2nd quarter valued at $320,000. Public Sector Pension Investment Board grew its holdings in shares of AMN Healthcare Services by 7.9% during the second quarter. Public Sector Pension Investment Board now owns 83,607 shares of the company’s stock valued at $4,283,000 after buying an additional 6,145 shares in the last quarter. Thrivent Financial for Lutherans raised its position in AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after buying an additional 1,230,543 shares during the period. Sei Investments Co. lifted its stake in AMN Healthcare Services by 2.5% in the 2nd quarter. Sei Investments Co. now owns 134,423 shares of the company’s stock worth $6,886,000 after acquiring an additional 3,288 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in AMN Healthcare Services during the 2nd quarter worth about $99,349,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Down 3.0 %

AMN stock opened at $44.31 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The company has a 50-day moving average of $54.13 and a two-hundred day moving average of $55.76. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 11.91 and a beta of 0.12. AMN Healthcare Services, Inc. has a 52-week low of $42.23 and a 52-week high of $87.87.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JMP Securities dropped their target price on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 13th. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, UBS Group cut their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.83.

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.