Swedbank AB Lowers Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Swedbank AB reduced its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 26.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 150,883 shares of the company's stock after selling 54,700 shares during the period. Swedbank AB owned about 0.40% of AMN Healthcare Services worth $6,396,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock valued at $38,000 after purchasing an additional 219 shares in the last quarter. Arizona State Retirement System lifted its position in shares of AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company's stock worth $543,000 after buying an additional 221 shares in the last quarter. Pitcairn Co. boosted its stake in shares of AMN Healthcare Services by 4.2% in the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company's stock worth $384,000 after buying an additional 249 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of AMN Healthcare Services by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company's stock valued at $345,000 after acquiring an additional 252 shares in the last quarter. Finally, CWM LLC increased its position in shares of AMN Healthcare Services by 2.1% during the first quarter. CWM LLC now owns 13,087 shares of the company's stock valued at $818,000 after acquiring an additional 269 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Performance

NYSE AMN traded down $1.41 during trading on Friday, hitting $41.01. 1,000,325 shares of the company's stock traded hands, compared to its average volume of 804,366. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.02 and a beta of 0.11. AMN Healthcare Services, Inc. has a 12-month low of $36.50 and a 12-month high of $80.22. The business has a 50 day moving average of $46.18 and a 200-day moving average of $52.97.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company had revenue of $740.69 million for the quarter, compared to analysts' expectations of $740.43 million. During the same period in the prior year, the company posted $2.38 EPS. AMN Healthcare Services's revenue was down 25.3% compared to the same quarter last year. As a group, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. JMP Securities restated a "market outperform" rating and set a $66.00 price target on shares of AMN Healthcare Services in a research report on Friday, October 4th. Bank of America downgraded shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. StockNews.com cut shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. Finally, UBS Group decreased 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 note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $65.00.

AMN Healthcare Services Company 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.