Sei Investments Co. Lowers Stake in AMN Healthcare Services Inc (AMN)

Sei Investments Co. cut its holdings in AMN Healthcare Services Inc (NYSE:AMN) by 47.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,710 shares of the company’s stock after selling 23,890 shares during the quarter. Sei Investments Co. owned approximately 0.06% of AMN Healthcare Services worth $1,221,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMN. Acrospire Investment Management LLC raised its stake in AMN Healthcare Services by 13.3% during the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after purchasing an additional 300 shares during the period. Bank of Montreal Can purchased a new position in AMN Healthcare Services during the second quarter worth approximately $105,000. Riverhead Capital Management LLC raised its stake in AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock worth $116,000 after purchasing an additional 1,363 shares during the period. Creative Planning purchased a new position in AMN Healthcare Services during the second quarter worth approximately $155,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in AMN Healthcare Services during the third quarter worth approximately $217,000.

In other AMN Healthcare Services news, CFO Brian M. Scott sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $50.19, for a total transaction of $1,003,800.00. Following the completion of the transaction, the chief financial officer now directly owns 56,916 shares of the company’s stock, valued at approximately $2,856,614.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew M. Stern sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $42.89, for a total transaction of $428,900.00. Following the transaction, the director now directly owns 6,668 shares of the company’s stock, valued at $285,990.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,134 shares of company stock valued at $6,235,707. 2.49% of the stock is owned by company insiders.

Shares of AMN Healthcare Services Inc (AMN) opened at $49.10 on Thursday. The firm has a market cap of $2,355.18, a price-to-earnings ratio of 19.33 and a beta of 0.47. AMN Healthcare Services Inc has a fifty-two week low of $33.61 and a fifty-two week high of $51.75. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.60.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $494.41 million during the quarter, compared to analyst estimates of $493.89 million. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. equities analysts anticipate that AMN Healthcare Services Inc will post 2.56 earnings per share for the current year.

A number of equities analysts have weighed in on AMN shares. Robert W. Baird increased their price target on shares of AMN Healthcare Services from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Credit Suisse Group assumed coverage on shares of AMN Healthcare Services in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $48.00 target price on the stock. BMO Capital Markets reissued a “buy” rating and issued a $48.00 target price (up previously from $47.00) on shares of AMN Healthcare Services in a research note on Sunday, November 12th. ValuEngine downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, KeyCorp assumed coverage on shares of AMN Healthcare Services in a research note on Friday, November 17th. They issued an “overweight” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $48.38.

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AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.

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

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