Quest Partners LLC Makes New $334,000 Investment in AMN Healthcare Services, Inc. (NYSE:AMN)

Quest Partners LLC purchased a new stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,886 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds have also modified their holdings of AMN. Versor Investments LP purchased a new stake in AMN Healthcare Services in the third quarter valued at approximately $818,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at $45,481,000. New South Capital Management Inc. boosted its holdings in shares of AMN Healthcare Services by 24.6% in the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after acquiring an additional 111,302 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of AMN Healthcare Services in the first quarter worth $878,000. Finally, SG Americas Securities LLC raised its holdings in shares of AMN Healthcare Services by 689.3% during the third quarter. SG Americas Securities LLC now owns 18,911 shares of the company’s stock worth $802,000 after purchasing an additional 16,515 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Up 5.1 %

Shares of NYSE:AMN opened at $27.16 on Tuesday. AMN Healthcare Services, Inc. has a 12-month low of $23.37 and a 12-month high of $80.22. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.72 and a beta of 0.13. The business has a 50-day moving average price of $37.57 and a 200 day moving average price of $48.57. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. During the same quarter last year, the firm earned $1.97 EPS. Sell-side analysts expect that AMN Healthcare Services, Inc. will post 3.09 EPS for the current year.

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMN shares. UBS Group cut their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Bank of America lowered 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 report on Monday, October 7th. JMP Securities decreased their price target on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Finally, Truist Financial cut their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.33.

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.