Oppenheimer Asset Management Inc. Sells 11,685 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Oppenheimer Asset Management Inc. lessened its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 48.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,570 shares of the company’s stock after selling 11,685 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AMN Healthcare Services were worth $533,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMN. SG Americas Securities LLC purchased a new stake in AMN Healthcare Services during the 1st quarter valued at approximately $253,000. ProShare Advisors LLC grew its stake in AMN Healthcare Services by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,678 shares of the company’s stock valued at $480,000 after acquiring an additional 529 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in AMN Healthcare Services by 24.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,136 shares of the company’s stock valued at $884,000 after acquiring an additional 2,780 shares during the last quarter. Vanguard Group Inc. lifted its stake in AMN Healthcare Services by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock worth $268,117,000 after purchasing an additional 37,676 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of AMN Healthcare Services by 1.8% during the 1st quarter. Clearbridge Investments LLC now owns 175,502 shares of the company’s stock valued at $10,971,000 after purchasing an additional 3,161 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AMN Healthcare Services

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. JMP Securities reduced 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 note on Tuesday, October 22nd. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Truist Financial reduced their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, UBS Group lowered their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Stock Down 5.5 %

NYSE AMN opened at $25.03 on Wednesday. AMN Healthcare Services, Inc. has a 52 week low of $23.37 and a 52 week high of $80.22. The firm has a market capitalization of $952.89 million, a price-to-earnings ratio of 18.14 and a beta of 0.13. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average of $39.13 and a two-hundred day moving average of $49.55.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter in the previous year, the business earned $1.97 EPS. On average, analysts predict that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current 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.