Systematic Financial Management LP Sells 10,190 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Systematic Financial Management LP reduced its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,253 shares of the company’s stock after selling 10,190 shares during the quarter. Systematic Financial Management LP’s holdings in AMN Healthcare Services were worth $15,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMN. Steward Partners Investment Advisory LLC acquired a new stake in AMN Healthcare Services in the second quarter worth $28,000. Northwest Investment Counselors LLC raised its holdings in AMN Healthcare Services by 2.1% in the second quarter. Northwest Investment Counselors LLC now owns 26,010 shares of the company’s stock worth $1,411,000 after purchasing an additional 529 shares during the period. Bridge City Capital LLC raised its holdings in AMN Healthcare Services by 0.5% in the second quarter. Bridge City Capital LLC now owns 43,969 shares of the company’s stock worth $2,385,000 after purchasing an additional 219 shares during the period. Strs Ohio raised its holdings in AMN Healthcare Services by 8.3% in the second quarter. Strs Ohio now owns 3,900 shares of the company’s stock worth $211,000 after purchasing an additional 300 shares during the period. Finally, WESPAC Advisors LLC acquired a new stake in AMN Healthcare Services in the second quarter worth $218,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

AMN traded up $3.04 during trading on Wednesday, reaching $53.54. 598,950 shares of the company’s stock were exchanged, compared to its average volume of 251,748. AMN Healthcare Services, Inc. has a one year low of $45.04 and a one year high of $65.81. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $2.53 billion, a PE ratio of 16.27, a PEG ratio of 1.39 and a beta of 0.89. The stock has a fifty day moving average price of $53.93.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. AMN Healthcare Services had a net margin of 6.21% and a return on equity of 24.75%. The company had revenue of $535.20 million for the quarter, compared to analyst estimates of $526.06 million. During the same period in the prior year, the firm posted $0.83 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 2.99 earnings per share for the current year.

In related news, insider Susan R. Salka sold 29,179 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $51.02, for a total transaction of $1,488,712.58. Following the transaction, the insider now owns 195,686 shares in the company, valued at approximately $9,983,899.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Denise L. Jackson sold 2,400 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $55.01, for a total transaction of $132,024.00. Following the transaction, the insider now owns 20,925 shares in the company, valued at approximately $1,151,084.25. The disclosure for this sale can be found here. Insiders have sold a total of 50,021 shares of company stock worth $2,575,229 in the last quarter. 2.07% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on AMN shares. BMO Capital Markets raised their price objective on shares of AMN Healthcare Services from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, June 18th. ValuEngine upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. AMN Healthcare Services currently has an average rating of “Buy” and a consensus target price of $67.00.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

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Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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