Exchange Traded Concepts LLC Acquires 337 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Exchange Traded Concepts LLC lifted its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,708 shares of the company’s stock after acquiring an additional 337 shares during the quarter. Exchange Traded Concepts LLC’s holdings in AMN Healthcare Services were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $31,000. Nisa Investment Advisors LLC raised its holdings in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $58,000. GAMMA Investing LLC grew its stake in AMN Healthcare Services by 232.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after purchasing an additional 811 shares during the period. Finally, Innealta Capital LLC purchased a new stake in AMN Healthcare Services in the second quarter worth $65,000. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMN shares. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. UBS Group reduced their price target 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. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $66.00 price target on shares of AMN Healthcare Services in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.00.

AMN Healthcare Services Trading Down 3.3 %

NYSE AMN opened at $41.01 on Monday. AMN Healthcare Services, Inc. has a 12 month low of $36.50 and a 12 month high of $80.22. The stock has a market cap of $1.56 billion, a P/E ratio of 11.02 and a beta of 0.11. The stock’s fifty day moving average price is $46.18 and its 200-day moving average price is $52.93. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping 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 analysts’ expectations of $740.43 million. During the same period in the prior year, the firm posted $2.38 earnings per share. The company’s quarterly revenue was down 25.3% on a year-over-year basis. As a group, equities analysts forecast that AMN Healthcare Services, Inc. will post 3.21 EPS for the current fiscal year.

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.