Cwm LLC Boosts Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Cwm LLC lifted its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,894 shares of the company’s stock after purchasing an additional 1,336 shares during the quarter. Cwm LLC’s holdings in AMN Healthcare Services were worth $589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of AMN Healthcare Services by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock worth $318,353,000 after acquiring an additional 30,513 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of AMN Healthcare Services in the fourth quarter worth $373,000. NBC Securities Inc. grew its position in AMN Healthcare Services by 25.2% in the 1st quarter. NBC Securities Inc. now owns 6,443 shares of the company’s stock valued at $412,000 after buying an additional 1,296 shares in the last quarter. Thompson Investment Management Inc. boosted its holdings in shares of AMN Healthcare Services by 6.3% in the first quarter. Thompson Investment Management Inc. now owns 46,514 shares of the company’s stock valued at $2,908,000 after acquiring an additional 2,758 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new position in AMN Healthcare Services during the 1st quarter valued at $254,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $41.01 on Friday. AMN Healthcare Services, Inc. has a 52-week low of $36.50 and a 52-week high of $80.22. 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 stock has a fifty day moving average price of $46.18 and a two-hundred day moving average price of $52.97. The firm has a market capitalization of $1.56 billion, a P/E ratio of 11.02 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate 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 business had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. During the same period in the prior year, the firm earned $2.38 earnings per share. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. As a group, analysts anticipate that AMN Healthcare Services, Inc. will post 3.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMN has been the subject of several research reports. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $65.00 to $48.00 in a research report on Monday, October 7th. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities reiterated a “market outperform” rating and issued a $66.00 target price on shares of AMN Healthcare Services in a research report on Friday, October 4th. BMO Capital Markets increased their price objective on 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 lowered their target price 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.00.

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.