Swedbank AB Has $6.40 Million Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Swedbank AB cut its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 26.6% during the third quarter, HoldingsChannel reports. The firm owned 150,883 shares of the company’s stock after selling 54,700 shares during the period. Swedbank AB’s holdings in AMN Healthcare Services were worth $6,396,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Mather Group LLC. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $31,000. Nisa Investment Advisors LLC grew its position in AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in AMN Healthcare Services during the first quarter valued at about $58,000. GAMMA Investing LLC raised its holdings in AMN Healthcare Services by 232.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of AMN Healthcare Services in the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $41.01 on Friday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 11.02 and a beta of 0.11. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services, Inc. has a 1 year low of $36.50 and a 1 year high of $80.22. The firm has a 50 day moving average of $46.18 and a 200-day moving average of $53.01.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. During the same quarter in the previous year, the firm earned $2.38 earnings per share. The business’s revenue was down 25.3% on a year-over-year basis. As a group, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 3.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMN has been the subject of a number of recent research reports. BMO Capital Markets upped their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. UBS Group dropped their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $66.00 price objective on shares of AMN Healthcare Services in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $65.00.

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.