Entropy Technologies LP Grows Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Entropy Technologies LP boosted its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,937 shares of the company’s stock after buying an additional 897 shares during the quarter. Entropy Technologies LP’s holdings in AMN Healthcare Services were worth $591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in AMN Healthcare Services in the third quarter valued at $818,000. Vaughan Nelson Investment Management L.P. acquired a new stake in AMN Healthcare Services in the second quarter valued at $45,481,000. New South Capital Management Inc. raised its stake in AMN Healthcare Services by 24.6% in the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after buying an additional 111,302 shares in the last quarter. Quadrature Capital Ltd raised its stake in AMN Healthcare Services by 366.6% in the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock valued at $1,455,000 after buying an additional 18,264 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in AMN Healthcare Services in the first quarter valued at $878,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.93% of the company’s stock.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $23.86 on Friday. AMN Healthcare Services, Inc. has a 52-week low of $23.50 and a 52-week high of $80.22. The business’s 50-day moving average price is $40.52 and its 200 day moving average price is $50.36. The firm has a market cap of $908.35 million, a P/E ratio of 17.16 and a beta of 0.13. The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The company had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same quarter in the previous year, the company earned $1.97 EPS. On average, equities research analysts expect that AMN Healthcare Services, Inc. will post 3.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on AMN. JMP Securities cut their price target on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. BMO Capital Markets cut their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, UBS Group cut their target price 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.33.

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.