AMN Healthcare Services, Inc. (AMN) Shares Sold by GAM Holding AG

GAM Holding AG reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 13.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,472 shares of the company’s stock after selling 3,343 shares during the quarter. GAM Holding AG’s holdings in AMN Healthcare Services were worth $1,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. grew its holdings in AMN Healthcare Services by 1.3% in the third quarter. BlackRock Inc. now owns 6,782,835 shares of the company’s stock valued at $371,022,000 after purchasing an additional 88,469 shares during the period. Waddell & Reed Financial Inc. grew its holdings in AMN Healthcare Services by 14.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,776,631 shares of the company’s stock valued at $104,111,000 after purchasing an additional 224,540 shares during the period. Voya Investment Management LLC grew its holdings in AMN Healthcare Services by 55.5% in the second quarter. Voya Investment Management LLC now owns 1,062,917 shares of the company’s stock valued at $62,287,000 after purchasing an additional 379,588 shares during the period. FMR LLC grew its holdings in AMN Healthcare Services by 0.5% in the third quarter. FMR LLC now owns 1,031,817 shares of the company’s stock valued at $56,440,000 after purchasing an additional 5,117 shares during the period. Finally, Standard Life Aberdeen plc grew its holdings in AMN Healthcare Services by 0.3% in the second quarter. Standard Life Aberdeen plc now owns 897,856 shares of the company’s stock valued at $52,637,000 after purchasing an additional 2,649 shares during the period.

In related news, insider Denise L. Jackson sold 2,800 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $64.48, for a total transaction of $180,544.00. Following the transaction, the insider now owns 20,152 shares in the company, valued at $1,299,400.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul E. Weaver sold 5,000 shares of AMN Healthcare Services stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $64.50, for a total value of $322,500.00. Following the transaction, the director now owns 38,022 shares in the company, valued at approximately $2,452,419. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,253 shares of company stock worth $1,981,394. Company insiders own 2.18% of the company’s stock.

Several analysts have commented on the company. BMO Capital Markets dropped their price objective on AMN Healthcare Services from $61.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Zacks Investment Research raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Berenberg Bank started coverage on AMN Healthcare Services in a report on Thursday, October 4th. They issued a “buy” rating and a $70.00 price objective on the stock. ValuEngine downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, Stephens started coverage on AMN Healthcare Services in a research report on Tuesday, October 2nd. They issued an “equal weight” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $66.78.

NYSE AMN opened at $59.74 on Friday. The company has a market capitalization of $2.83 billion, a PE ratio of 19.39, a PEG ratio of 1.42 and a beta of 0.56. AMN Healthcare Services, Inc. has a 1-year low of $46.75 and a 1-year high of $68.20. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Wednesday, October 31st. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $526.84 million for the quarter, compared to the consensus estimate of $526.90 million. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. On average, research analysts predict that AMN Healthcare Services, Inc. will post 3.27 earnings per share for the current fiscal year.

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AMN Healthcare Services Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The company operates through the following segments: Nurse and Allied Healthcare Staffing, Locum Tenens Staffing and Physician Permanent Placement Services.

See Also: Diversification

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

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