Victory Capital Management Inc. Sells 29,676 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Victory Capital Management Inc. trimmed its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 68.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,440 shares of the company’s stock after selling 29,676 shares during the period. Victory Capital Management Inc.’s holdings in AMN Healthcare Services were worth $570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Entropy Technologies LP raised its position in shares of AMN Healthcare Services by 6.9% in the third quarter. Entropy Technologies LP now owns 13,937 shares of the company’s stock valued at $591,000 after purchasing an additional 897 shares during the period. WCM Investment Management LLC boosted its holdings in shares of AMN Healthcare Services by 2.7% during the 3rd quarter. WCM Investment Management LLC now owns 556,978 shares of the company’s stock worth $23,711,000 after buying an additional 14,615 shares during the period. Versor Investments LP acquired a new position in AMN Healthcare Services in the 3rd quarter valued at $818,000. Principal Financial Group Inc. raised its holdings in AMN Healthcare Services by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 226,304 shares of the company’s stock worth $9,593,000 after acquiring an additional 7,628 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in AMN Healthcare Services by 9.9% during the third quarter. Harbor Capital Advisors Inc. now owns 20,628 shares of the company’s stock valued at $874,000 after acquiring an additional 1,852 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $26.29 on Friday. The firm has a market capitalization of $1.00 billion, a PE ratio of 19.05 and a beta of 0.13. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. AMN Healthcare Services, Inc. has a 12-month low of $23.37 and a 12-month high of $80.22. The firm has a 50-day moving average price of $36.00 and a 200 day moving average price of $47.83.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million for 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 period in the prior year, the company posted $1.97 EPS. Research analysts anticipate that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on AMN shares. BMO Capital Markets dropped their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Truist Financial dropped their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. JMP Securities dropped their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.33.

Insiders Place Their Bets

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.93% of the company’s stock.

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.