Vaughan Nelson Investment Management L.P. Acquires 209,180 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Vaughan Nelson Investment Management L.P. increased its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,096,965 shares of the company’s stock after purchasing an additional 209,180 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in AMN Healthcare Services were worth $46,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMN. Versor Investments LP bought a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $818,000. New South Capital Management Inc. boosted its holdings in AMN Healthcare Services by 24.6% in the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after acquiring an additional 111,302 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in AMN Healthcare Services by 366.6% in the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock valued at $1,455,000 after acquiring an additional 18,264 shares during the last quarter. Virtu Financial LLC acquired a new stake in AMN Healthcare Services during the 1st quarter valued at approximately $878,000. Finally, SG Americas Securities LLC raised its holdings in AMN Healthcare Services by 689.3% during the 3rd quarter. SG Americas Securities LLC now owns 18,911 shares of the company’s stock worth $802,000 after purchasing an additional 16,515 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMN. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Jefferies Financial Group decreased their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, JMP Securities dropped their price target 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $48.33.

AMN Healthcare Services Trading Down 0.7 %

Shares of AMN Healthcare Services stock opened at $23.70 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.18. AMN Healthcare Services, Inc. has a 52 week low of $23.37 and a 52 week high of $80.22. The stock has a 50 day moving average price of $39.51 and a two-hundred day moving average price of $49.85. The stock has a market capitalization of $902.35 million, a PE ratio of 17.17 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter last year, the firm posted $1.97 EPS. As a group, equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.1 earnings per share for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is currently owned by insiders.

AMN Healthcare Services 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.