Anthracite Investment Company Inc. Purchases Shares of 40,000 AMN Healthcare Services, Inc. (NYSE:AMN)

Anthracite Investment Company Inc. acquired a new position in AMN Healthcare Services, Inc. (NYSE:AMN) during the third quarter, HoldingsChannel.com reports. The fund acquired 40,000 shares of the company’s stock, valued at approximately $1,696,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares during the last quarter. Arizona State Retirement System increased its position in AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock valued at $543,000 after buying an additional 221 shares in the last quarter. Pitcairn Co. increased its position in AMN Healthcare Services by 4.2% during the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock valued at $384,000 after buying an additional 249 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in AMN Healthcare Services by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after buying an additional 252 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in AMN Healthcare Services by 4.1% in the second quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock worth $360,000 after acquiring an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

AMN has been the topic of several recent analyst reports. Jefferies Financial Group cut their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. UBS Group cut their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Stock Down 5.5 %

AMN Healthcare Services stock opened at $25.03 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $952.89 million, a PE ratio of 18.14 and a beta of 0.13. The business has a 50 day simple moving average of $39.13 and a 200-day simple moving average of $49.55. AMN Healthcare Services, Inc. has a 12 month low of $23.37 and a 12 month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.97 EPS. On average, analysts anticipate that AMN Healthcare Services, Inc. will post 3.09 EPS for the current fiscal year.

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 dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

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.