Maryland State Retirement & Pension System Decreases Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Maryland State Retirement & Pension System reduced its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,248 shares of the company’s stock after selling 369 shares during the period. Maryland State Retirement & Pension System’s holdings in AMN Healthcare Services were worth $679,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AMN. GAMMA Investing LLC purchased a new position in shares of AMN Healthcare Services in the fourth quarter worth about $31,000. Mather Group LLC. acquired a new stake in AMN Healthcare Services in the 2nd quarter valued at about $31,000. Nisa Investment Advisors LLC lifted its stake in AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares in the last quarter. Quarry LP boosted its holdings in shares of AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN opened at $53.03 on Tuesday. The firm has a 50-day simple moving average of $55.09 and a two-hundred day simple moving average of $56.90. The stock has a market cap of $2.01 billion, a PE ratio of 14.26 and a beta of 0.12. AMN Healthcare Services, Inc. has a 1-year low of $46.74 and a 1-year high of $90.17. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $740.69 million during the quarter, compared to the consensus estimate of $740.43 million. During the same quarter last year, the firm earned $2.38 EPS. The firm’s revenue for the quarter was down 25.3% on a year-over-year basis. As a group, analysts forecast that AMN Healthcare Services, Inc. will post 3.26 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on AMN. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. UBS Group dropped their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. JMP Securities cut their price objective on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 13th. BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Bank of America raised their price target on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.83.

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.