DekaBank Deutsche Girozentrale Lowers Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

DekaBank Deutsche Girozentrale reduced its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 86.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,052 shares of the company’s stock after selling 44,525 shares during the period. DekaBank Deutsche Girozentrale’s holdings in AMN Healthcare Services were worth $522,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AMN. Holocene Advisors LP acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter worth $92,796,000. Pacer Advisors Inc. lifted its stake in shares of AMN Healthcare Services by 145.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after acquiring an additional 828,390 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of AMN Healthcare Services by 3,287.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 555,990 shares of the company’s stock worth $47,359,000 after acquiring an additional 539,576 shares during the period. Renaissance Technologies LLC lifted its stake in shares of AMN Healthcare Services by 1,181.5% in the 1st quarter. Renaissance Technologies LLC now owns 540,800 shares of the company’s stock worth $56,422,000 after acquiring an additional 498,600 shares during the period. Finally, Norges Bank acquired a new stake in shares of AMN Healthcare Services in the 4th quarter worth $49,022,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AMN shares. JMP Securities reduced their target price on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research note on Monday, February 26th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday. Finally, BMO Capital Markets reduced their price objective on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and an average target price of $87.25.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson bought 6,951 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the acquisition, the chief financial officer now owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Caroline Grace purchased 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey R. Knudson purchased 6,951 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $57.75 per share, with a total value of $401,420.25. Following the completion of the acquisition, the chief financial officer now owns 27,804 shares of the company’s stock, valued at $1,605,681. The disclosure for this purchase can be found here. In the last three months, insiders acquired 26,626 shares of company stock worth $1,516,899. 0.93% of the stock is owned by corporate insiders.

AMN Healthcare Services Stock Up 0.8 %

Shares of NYSE AMN opened at $57.06 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average price of $62.22 and a 200 day moving average price of $69.05. AMN Healthcare Services, Inc. has a 52 week low of $53.77 and a 52 week high of $112.44. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 10.79 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period last year, the firm posted $2.48 EPS. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. Equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.97 EPS for the current fiscal 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.