Bridgewater Associates LP Sells 62,723 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Bridgewater Associates LP cut its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 80.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,060 shares of the company's stock after selling 62,723 shares during the quarter. Bridgewater Associates LP's holdings in AMN Healthcare Services were worth $638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of AMN Healthcare Services by 37.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,545 shares of the company's stock worth $1,464,000 after buying an additional 9,371 shares in the last quarter. Quantbot Technologies LP raised its position in shares of AMN Healthcare Services by 25.0% during the third quarter. Quantbot Technologies LP now owns 21,701 shares of the company's stock worth $920,000 after acquiring an additional 4,336 shares during the last quarter. FMR LLC lifted its stake in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company's stock valued at $196,715,000 after acquiring an additional 2,801,663 shares during the period. Truvestments Capital LLC bought a new position in AMN Healthcare Services in the third quarter valued at about $30,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in AMN Healthcare Services during the 3rd quarter worth about $1,892,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AMN Healthcare Services

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

AMN Healthcare Services Stock Performance

AMN traded down $0.45 during midday trading on Tuesday, reaching $27.15. The company had a trading volume of 616,136 shares, compared to its average volume of 851,383. AMN Healthcare Services, Inc. has a 12-month low of $23.37 and a 12-month high of $80.22. The business has a 50-day moving average price of $35.27 and a two-hundred day moving average price of $47.18. The stock has a market cap of $1.03 billion, a PE ratio of 19.99 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The business had revenue of $687.51 million for the quarter, compared to analysts' expectations of $670.08 million. During the same quarter in the previous year, the firm posted $1.97 EPS. On average, sell-side analysts expect that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. William Blair lowered shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Bank of America lowered AMN Healthcare Services from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Truist Financial lowered their price target on AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Finally, Jefferies Financial Group reduced their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, AMN Healthcare Services presently has an average rating of "Hold" and a consensus price target of $48.33.

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.