Tran Capital Management L.P. Lowers Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Tran Capital Management L.P. lessened its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 52.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,376 shares of the company's stock after selling 257,876 shares during the quarter. AMN Healthcare Services accounts for approximately 0.6% of Tran Capital Management L.P.'s portfolio, making the stock its 29th largest position. Tran Capital Management L.P. owned about 0.61% of AMN Healthcare Services worth $5,535,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC purchased a new position in shares of AMN Healthcare Services during the third quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its stake in AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company's stock valued at $63,000 after acquiring an additional 1,224 shares in the last quarter. GAMMA Investing LLC boosted its holdings in AMN Healthcare Services by 189.6% during the 4th quarter. GAMMA Investing LLC now owns 3,018 shares of the company's stock worth $72,000 after acquiring an additional 1,976 shares during the last quarter. Quarry LP grew its stake in shares of AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company's stock worth $85,000 after acquiring an additional 654 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of AMN Healthcare Services in the third quarter valued at about $151,000. Institutional investors and hedge funds own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

AMN traded down $0.11 during trading hours on Friday, hitting $27.68. The stock had a trading volume of 762,579 shares, compared to its average volume of 562,326. AMN Healthcare Services, Inc. has a 1 year low of $22.47 and a 1 year high of $79.74. The company's fifty day simple moving average is $25.79 and its 200 day simple moving average is $39.65. The stock has a market cap of $1.05 billion, a PE ratio of 20.06 and a beta of 0.05. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter last year, the company earned $1.97 earnings per share. Equities analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

AMN has been the topic of several analyst reports. William Blair cut shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. JMP Securities cut their target price on AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating on the stock in a research note on Tuesday, October 22nd. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. BMO Capital Markets decreased their target price on AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Finally, Jefferies Financial Group decreased their price objective on shares of 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 analysts have 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, AMN Healthcare Services presently has a consensus rating of "Hold" and a consensus target price of $48.33.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.93% of the company's stock.

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.