Wedge Capital Management L L P NC Sells 11,274 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Wedge Capital Management L L P NC lessened its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,782 shares of the company’s stock after selling 11,274 shares during the period. Wedge Capital Management L L P NC owned about 0.14% of AMN Healthcare Services worth $2,195,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in AMN Healthcare Services in the 2nd quarter valued at approximately $99,349,000. Thrivent Financial for Lutherans boosted its holdings in AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after purchasing an additional 1,230,543 shares during the last quarter. Swedbank AB bought a new position in AMN Healthcare Services in the first quarter valued at $70,617,000. Vaughan Nelson Investment Management L.P. acquired a new stake in AMN Healthcare Services in the 2nd quarter valued at $45,481,000. Finally, American Century Companies Inc. lifted its position in AMN Healthcare Services by 95.3% during the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock worth $39,710,000 after buying an additional 378,266 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $40.49 on Wednesday. The firm’s fifty day moving average price is $47.31 and its two-hundred day moving average price is $53.32. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $1.54 billion, a P/E ratio of 10.88 and a beta of 0.11. AMN Healthcare Services, Inc. has a one year low of $36.50 and a one year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $740.43 million. During the same period in the prior year, the firm earned $2.38 EPS. The business’s revenue was down 25.3% on a year-over-year basis. Equities analysts expect that AMN Healthcare Services, Inc. will post 3.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMN shares. JMP Securities reaffirmed a “market outperform” rating and issued a $66.00 target price on shares of AMN Healthcare Services in a research report on Friday, October 4th. UBS Group dropped their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets upped 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.00.

AMN Healthcare Services 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.