Stifel Financial Corp Sells 2,616 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Stifel Financial Corp lowered its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 21.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,623 shares of the company’s stock after selling 2,616 shares during the quarter. Stifel Financial Corp’s holdings in AMN Healthcare Services were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of AMN Healthcare Services during the third quarter valued at about $30,000. Farther Finance Advisors LLC raised its stake in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after acquiring an additional 1,224 shares in the last quarter. Quarry LP lifted its position in AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after acquiring an additional 654 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in AMN Healthcare Services in the third quarter valued at approximately $151,000. Finally, Gladius Capital Management LP grew its holdings in AMN Healthcare Services by 247.6% in the third quarter. Gladius Capital Management LP now owns 4,574 shares of the company’s stock worth $194,000 after purchasing an additional 3,258 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

AMN has been the subject of several analyst reports. JMP Securities decreased their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets decreased their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Jefferies Financial Group lowered their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Truist Financial cut their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $24.24 on Friday. AMN Healthcare Services, Inc. has a twelve month low of $22.47 and a twelve month high of $80.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The company has a market cap of $922.91 million, a PE ratio of 17.57 and a beta of 0.04. The company’s 50 day moving average is $29.89 and its 200 day moving average is $43.52.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter last year, the company posted $1.97 earnings per share. On average, sell-side analysts forecast that AMN Healthcare Services, Inc. will post 3.07 EPS for the current year.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% of the company’s stock.

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.