Blair William & Co. IL Cuts Stake in AMN Healthcare Services Inc (NYSE:AMN)

Blair William & Co. IL lowered its stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 61.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,928 shares of the company's stock after selling 15,900 shares during the period. Blair William & Co. IL's holdings in AMN Healthcare Services were worth $243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMN. LPL Financial LLC increased its stake in shares of AMN Healthcare Services by 10.1% in the fourth quarter. LPL Financial LLC now owns 22,542 shares of the company's stock worth $539,000 after acquiring an additional 2,075 shares during the period. Franklin Resources Inc. grew its position in AMN Healthcare Services by 42.9% during the fourth quarter. Franklin Resources Inc. now owns 27,854 shares of the company's stock valued at $666,000 after buying an additional 8,363 shares during the period. Wells Fargo & Company MN grew its position in AMN Healthcare Services by 188.4% during the fourth quarter. Wells Fargo & Company MN now owns 301,390 shares of the company's stock valued at $7,209,000 after buying an additional 196,882 shares during the period. Russell Investments Group Ltd. grew its position in AMN Healthcare Services by 15.0% during the fourth quarter. Russell Investments Group Ltd. now owns 189,734 shares of the company's stock valued at $4,538,000 after buying an additional 24,736 shares during the period. Finally, Invesco Ltd. grew its position in AMN Healthcare Services by 92.4% during the fourth quarter. Invesco Ltd. now owns 388,564 shares of the company's stock valued at $9,294,000 after buying an additional 186,630 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

Wall Street Analysts Forecast Growth

AMN has been the topic of several analyst reports. UBS Group dropped their price target on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. BMO Capital Markets set a $22.00 target price on shares of AMN Healthcare Services and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, JMP Securities decreased their price target on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, AMN Healthcare Services has an average rating of "Hold" and an average price target of $28.25.

AMN Healthcare Services Trading Up 1.3%

Shares of AMN Healthcare Services stock traded up $0.24 on Friday, reaching $18.91. The company had a trading volume of 1,070,256 shares, compared to its average volume of 1,045,159. The firm's 50 day moving average price is $20.22 and its two-hundred day moving average price is $21.82. The firm has a market cap of $724.63 million, a PE ratio of -2.43 and a beta of 0.10. AMN Healthcare Services Inc has a 52-week low of $14.86 and a 52-week high of $54.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.00.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.13. The business had revenue of $658.18 million for the quarter, compared to the consensus estimate of $652.89 million. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The business's revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Sell-side analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

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.