Marshall Wace LLP Lowers Stock Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Marshall Wace LLP lowered its stake in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 50.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,253 shares of the company's stock after selling 139,444 shares during the period. Marshall Wace LLP owned approximately 0.36% of AMN Healthcare Services worth $7,083,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMN. Mather Group LLC. acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at approximately $31,000. Nisa Investment Advisors LLC lifted 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 valued at $38,000 after acquiring an additional 219 shares during the period. Quarry LP lifted its holdings in AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company's stock valued at $39,000 after acquiring an additional 204 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of AMN Healthcare Services during the 1st quarter worth $58,000. Finally, GAMMA Investing LLC grew its stake in shares of AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company's stock worth $59,000 after purchasing an additional 811 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JMP Securities decreased their price objective on shares of AMN Healthcare Services from $75.00 to $66.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 13th. StockNews.com lowered AMN Healthcare Services from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. BMO Capital Markets upped their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. Finally, UBS Group reduced their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $67.83.

AMN Healthcare Services Price Performance

Shares of AMN Healthcare Services stock traded down $1.13 during trading on Tuesday, hitting $41.26. 1,712,809 shares of the company were exchanged, compared to its average volume of 794,335. AMN Healthcare Services, Inc. has a fifty-two week low of $39.26 and a fifty-two week high of $87.87. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The firm has a 50 day moving average price of $52.68 and a 200 day moving average price of $55.15. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.29 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analysts' expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business's revenue for the quarter was down 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 earnings per share. On average, equities analysts expect that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current fiscal year.

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.