AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC decreased its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 591,241 shares of the company’s stock after selling 8,308 shares during the quarter. Riverbridge Partners LLC owned approximately 1.56% of AMN Healthcare Services worth $44,272,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMN. Cetera Advisor Networks LLC grew its position in shares of AMN Healthcare Services by 26.6% in the first quarter. Cetera Advisor Networks LLC now owns 3,191 shares of the company’s stock valued at $333,000 after purchasing an additional 670 shares during the period. Private Advisor Group LLC acquired a new stake in shares of AMN Healthcare Services in the first quarter valued at about $526,000. MetLife Investment Management LLC grew its position in shares of AMN Healthcare Services by 55.3% in the first quarter. MetLife Investment Management LLC now owns 25,124 shares of the company’s stock valued at $2,621,000 after purchasing an additional 8,945 shares during the period. Rhumbline Advisers grew its position in shares of AMN Healthcare Services by 7.5% in the first quarter. Rhumbline Advisers now owns 115,955 shares of the company’s stock valued at $12,098,000 after purchasing an additional 8,046 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in AMN Healthcare Services by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 44,349 shares of the company’s stock worth $4,762,000 after acquiring an additional 3,137 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports 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 on the stock in a report on Monday, February 26th. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Finally, BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.25.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN traded down $0.01 on Thursday, reaching $58.30. 665,023 shares of the company’s stock were exchanged, compared to its average volume of 809,281. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 11.02 and a beta of 0.22. AMN Healthcare Services, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $112.44. The business’s 50-day moving average is $64.59 and its two-hundred day moving average is $70.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm’s revenue was down 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 earnings per share. As a group, equities research analysts forecast that AMN Healthcare Services, Inc. will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other AMN Healthcare Services news, CEO Caroline Grace bought 17,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 price of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the transaction, the chief executive officer now owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The purchase was disclosed in a filing with the SEC, which is available at 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 transaction, the chief financial officer now directly owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 26,626 shares of company stock valued at $1,516,899. Company insiders own 0.93% of the company’s stock.

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.