Engineers Gate Manager LP Trims Holdings in AMN Healthcare Services Inc $AMN

Engineers Gate Manager LP trimmed its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 58.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,190 shares of the company’s stock after selling 106,280 shares during the quarter. Engineers Gate Manager LP’s holdings in AMN Healthcare Services were worth $2,402,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of AMN Healthcare Services by 41.8% in the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after purchasing an additional 345 shares during the last quarter. IFP Advisors Inc lifted its holdings in AMN Healthcare Services by 849.6% during the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $41,000 after buying an additional 1,147 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in AMN Healthcare Services by 7.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 17,686 shares of the company’s stock valued at $572,000 after buying an additional 1,285 shares during the period. Allworth Financial LP boosted its position in AMN Healthcare Services by 298.2% in the 2nd quarter. Allworth Financial LP now owns 1,995 shares of the company’s stock valued at $65,000 after buying an additional 1,494 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in AMN Healthcare Services in the 2nd quarter valued at about $49,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMN. Robert W. Baird set a $36.00 target price on shares of AMN Healthcare Services in a research report on Friday, August 7th. Zacks Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group boosted their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Wall Street Zen cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Citizens Jmp raised their price objective on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.00.

AMN Healthcare Services Price Performance

Shares of AMN opened at $34.16 on Tuesday. The company has a 50 day moving average of $33.77 and a two-hundred day moving average of $27.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. AMN Healthcare Services Inc has a twelve month low of $14.97 and a twelve month high of $37.22. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.15 and a beta of 0.38.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to analyst estimates of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, analysts predict that AMN Healthcare Services Inc will post 3.32 earnings per share for the current fiscal year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals, health systems, medical groups, government agencies and other healthcare organizations. Its services are designed to help clients address workforce shortages, manage changing staffing needs and support the delivery of patient care.

The company’s offerings include travel and temporary nurse staffing, allied healthcare staffing, physician and advanced-practice professional staffing, and permanent placement services.