Truvestments Capital LLC Decreases Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Truvestments Capital LLC lessened its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 32.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,316 shares of the company’s stock after selling 1,100 shares during the quarter. Truvestments Capital LLC’s holdings in AMN Healthcare Services were worth $133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clark Capital Management Group Inc. purchased a new position in shares of AMN Healthcare Services during the 2nd quarter valued at approximately $2,612,000. Natixis Advisors L.P. boosted its holdings in shares of AMN Healthcare Services by 4.4% during the 2nd quarter. Natixis Advisors L.P. now owns 125,087 shares of the company’s stock valued at $6,786,000 after acquiring an additional 5,285 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of AMN Healthcare Services by 9.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,975 shares of the company’s stock valued at $1,735,000 after acquiring an additional 2,847 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of AMN Healthcare Services by 6.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 177,682 shares of the company’s stock valued at $9,639,000 after acquiring an additional 10,882 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of AMN Healthcare Services by 10.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,274,436 shares of the company’s stock valued at $69,138,000 after acquiring an additional 124,614 shares in the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

In related news, insider Susan R. Salka sold 45,975 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $49.92, for a total value of $2,295,072.00. Following the completion of the sale, the insider now directly owns 149,711 shares of the company’s stock, valued at approximately $7,473,573.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.07% of the company’s stock.

Several research analysts have commented on AMN shares. Zacks Investment Research downgraded AMN Healthcare Services from a “strong-buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Monday, August 19th. BMO Capital Markets set a $60.00 target price on AMN Healthcare Services and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $67.60.

Shares of AMN stock traded up $1.20 during mid-day trading on Friday, hitting $55.62. The company’s stock had a trading volume of 3,443 shares, compared to its average volume of 336,084. The company’s fifty day simple moving average is $56.31 and its 200-day simple moving average is $52.94. AMN Healthcare Services, Inc. has a 52 week low of $45.04 and a 52 week high of $65.81. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $2.52 billion, a PE ratio of 16.84, a P/E/G ratio of 1.42 and a beta of 0.82.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. AMN Healthcare Services had a return on equity of 23.53% and a net margin of 5.96%. The firm had revenue of $535.20 million during the quarter, compared to analyst estimates of $526.06 million. During the same period last year, the company posted $0.83 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.04 earnings per share for the current year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

See Also: Buy-Side Analysts

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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