Victory Capital Management Inc. Lowers Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Victory Capital Management Inc. cut its holdings in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 68.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,440 shares of the company's stock after selling 29,676 shares during the period. Victory Capital Management Inc.'s holdings in AMN Healthcare Services were worth $570,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Entropy Technologies LP grew its holdings in AMN Healthcare Services by 6.9% during the third quarter. Entropy Technologies LP now owns 13,937 shares of the company's stock valued at $591,000 after purchasing an additional 897 shares during the period. WCM Investment Management LLC grew its holdings in AMN Healthcare Services by 2.7% during the third quarter. WCM Investment Management LLC now owns 556,978 shares of the company's stock valued at $23,711,000 after purchasing an additional 14,615 shares during the period. Versor Investments LP bought a new position in AMN Healthcare Services during the third quarter valued at $818,000. Principal Financial Group Inc. grew its holdings in AMN Healthcare Services by 3.5% during the third quarter. Principal Financial Group Inc. now owns 226,304 shares of the company's stock valued at $9,593,000 after purchasing an additional 7,628 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in AMN Healthcare Services by 9.9% during the third quarter. Harbor Capital Advisors Inc. now owns 20,628 shares of the company's stock valued at $874,000 after purchasing an additional 1,852 shares during the period. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Price Performance

AMN traded down $0.26 during trading on Friday, reaching $26.03. The stock had a trading volume of 491,865 shares, compared to its average volume of 852,171. The stock has a market cap of $991.07 million, a PE ratio of 19.05 and a beta of 0.13. 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, Inc. has a one year low of $23.37 and a one year high of $80.22. The business has a 50-day moving average of $36.00 and a 200-day moving average of $47.83.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to analysts' expectations of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same quarter in the prior year, the firm earned $1.97 earnings per share. As a group, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMN shares. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Monday, November 11th. William Blair downgraded AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Truist Financial dropped their target price 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. Bank of America downgraded AMN Healthcare Services from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, Benchmark restated a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.33.

Insider Activity

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm's stock in a transaction dated Saturday, November 2nd. The stock was 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 $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.