Bank of New York Mellon Corp decreased its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 1.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,152,592 shares of the company’s stock after selling 19,715 shares during the quarter. Bank of New York Mellon Corp’s holdings in AMN Healthcare Services were worth $67,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMN. BlackRock Inc. lifted its position in AMN Healthcare Services by 8.7% in the 2nd quarter. BlackRock Inc. now owns 6,694,366 shares of the company’s stock worth $392,290,000 after buying an additional 533,007 shares in the last quarter. Rothschild Asset Management Inc. purchased a new stake in AMN Healthcare Services in the 2nd quarter worth approximately $30,246,000. Voya Investment Management LLC lifted its position in AMN Healthcare Services by 55.5% in the 2nd quarter. Voya Investment Management LLC now owns 1,062,917 shares of the company’s stock worth $62,287,000 after buying an additional 379,588 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of AMN Healthcare Services during the 2nd quarter worth $18,935,000. Finally, OppenheimerFunds Inc. increased its stake in shares of AMN Healthcare Services by 1,320.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 292,543 shares of the company’s stock worth $17,143,000 after purchasing an additional 271,949 shares during the last quarter.

In related news, insider Susan R. Salka sold 11,953 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $56.49, for a total value of $675,224.97. Following the transaction, the insider now directly owns 153,789 shares in the company, valued at approximately $8,687,540.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.18% of the company’s stock.

Shares of AMN opened at $57.17 on Wednesday. AMN Healthcare Services, Inc. has a 12 month low of $42.35 and a 12 month high of $68.20. The firm has a market cap of $2.75 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.38 and a beta of 0.54. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.08. AMN Healthcare Services had a net margin of 6.96% and a return on equity of 25.32%. The company had revenue of $526.84 million for the quarter, compared to analyst estimates of $526.90 million. During the same quarter in the prior year, the business posted $0.63 EPS. AMN Healthcare Services’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts forecast that AMN Healthcare Services, Inc. will post 3.27 earnings per share for the current fiscal year.

AMN has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a $68.00 price target on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Lake Street Capital dropped their price target on shares of AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 3rd. Robert W. Baird restated a “hold” rating and set a $58.00 price target on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Finally, ValuEngine lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $65.10.

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About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services 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; rapid response 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 from a few days up to one year 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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