AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP decreased its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 72.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,362 shares of the company's stock after selling 208,030 shares during the period. Invenomic Capital Management LP owned approximately 0.21% of AMN Healthcare Services worth $3,364,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC raised its holdings in AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company's stock worth $196,715,000 after purchasing an additional 2,801,663 shares during the last quarter. Pacer Advisors Inc. acquired a new position in AMN Healthcare Services during the second quarter worth about $99,349,000. Thrivent Financial for Lutherans lifted its holdings in shares of AMN Healthcare Services by 3,753.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company's stock valued at $64,721,000 after purchasing an additional 1,230,543 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $45,481,000. Finally, American Century Companies Inc. increased its stake in shares of AMN Healthcare Services by 95.3% during the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company's stock worth $39,710,000 after purchasing an additional 378,266 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AMN shares. William Blair cut AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Truist Financial cut their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Finally, Bank of America cut shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $48.33.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the company's stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.93% of the company's stock.

AMN Healthcare Services Trading Up 3.1 %

AMN stock traded up $0.83 on Wednesday, hitting $27.98. 703,200 shares of the company were exchanged, compared to its average volume of 850,740. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 20.78 and a beta of 0.04. The business's fifty day moving average is $34.97 and its two-hundred day moving average is $46.96. AMN Healthcare Services, Inc. has a twelve month low of $23.37 and a twelve month high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The business had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. During the same period in the prior year, the firm posted $1.97 EPS. As a group, research analysts forecast that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current year.

About AMN Healthcare Services

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.