SG Americas Securities LLC Decreases Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

SG Americas Securities LLC lessened its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,647 shares of the company’s stock after selling 3,264 shares during the quarter. SG Americas Securities LLC’s holdings in AMN Healthcare Services were worth $374,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AMN. FMR LLC grew its stake in shares of AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after acquiring an additional 2,801,663 shares during the period. Reinhart Partners LLC. bought a new position in AMN Healthcare Services in the 4th quarter worth approximately $12,341,000. Wellington Management Group LLP grew its stake in AMN Healthcare Services by 54.5% during the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock valued at $32,768,000 after acquiring an additional 272,552 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of AMN Healthcare Services in the third quarter worth about $10,026,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of AMN Healthcare Services by 23.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after acquiring an additional 209,180 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Trading Down 2.6 %

Shares of NYSE:AMN opened at $26.80 on Tuesday. AMN Healthcare Services, Inc. has a 12-month low of $22.47 and a 12-month high of $79.74. The business’s fifty day simple moving average is $25.99 and its 200-day simple moving average is $38.71. The company has a market capitalization of $1.02 billion, a PE ratio of 19.42 and a beta of 0.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results 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. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The company had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. During the same period last year, the firm earned $1.97 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMN shares. JMP Securities decreased their price objective 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. BMO Capital Markets decreased their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Bank of America downgraded shares of 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. 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 note on Friday, November 8th. Finally, Jefferies Financial Group reduced their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Two investment 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.33.

About AMN Healthcare Services

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.