HighTower Advisors LLC Trims Position in AMN Healthcare Services, Inc. (NYSE:AMN)

HighTower Advisors LLC lowered its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 53.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,031 shares of the company’s stock after selling 6,941 shares during the quarter. HighTower Advisors LLC’s holdings in AMN Healthcare Services were worth $252,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMN. Nisa Investment Advisors LLC raised its holdings in AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares in the last quarter. Arizona State Retirement System increased its position in AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after purchasing an additional 221 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of AMN Healthcare Services by 5.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock worth $284,000 after buying an additional 337 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of AMN Healthcare Services by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,100 shares of the company’s stock valued at $978,000 after buying an additional 400 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of AMN Healthcare Services by 14.1% in the third quarter. Park Avenue Securities LLC now owns 5,165 shares of the company’s stock valued at $219,000 after buying an additional 639 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN opened at $23.39 on Wednesday. AMN Healthcare Services, Inc. has a one year low of $22.47 and a one year high of $80.22. The stock’s fifty day moving average is $30.94 and its 200-day moving average is $44.01. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $890.55 million, a price-to-earnings ratio of 16.95 and a beta of 0.04.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same period in the previous year, the company earned $1.97 earnings per share. Equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMN. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Truist Financial decreased their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Finally, JMP Securities decreased their target price on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. Two 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. Based on data from MarketBeat, AMN Healthcare Services has an average rating of “Hold” and an average price target of $48.33.

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.