AMN Healthcare Services Inc $AMN Stake Lifted by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lifted its holdings in shares of AMN Healthcare Services Inc (NYSE:AMNFree Report) by 18.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 275,995 shares of the company’s stock after acquiring an additional 43,867 shares during the period. AMN Healthcare Services accounts for approximately 0.8% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 10th biggest holding. Counterpoint Mutual Funds LLC’s holdings in AMN Healthcare Services were worth $5,062,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in AMN Healthcare Services by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,388,431 shares of the company’s stock valued at $84,960,000 after purchasing an additional 16,315 shares during the last quarter. Millennium Management LLC raised its holdings in AMN Healthcare Services by 55.8% during the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock worth $31,614,000 after purchasing an additional 718,048 shares in the last quarter. State Street Corp lifted its position in shares of AMN Healthcare Services by 1.8% during the 4th quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after buying an additional 28,479 shares during the last quarter. Boston Partners lifted its position in shares of AMN Healthcare Services by 7,583.1% during the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock worth $16,313,000 after buying an additional 1,021,672 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in shares of AMN Healthcare Services in the 3rd quarter valued at $19,176,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

AMN stock opened at $34.69 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.35 billion, a P/E ratio of -39.87, a PEG ratio of 0.80 and a beta of 0.41. The business has a 50 day simple moving average of $28.61 and a 200-day simple moving average of $22.07. AMN Healthcare Services Inc has a twelve month low of $14.86 and a twelve month high of $34.77.

AMN Healthcare Services (NYSE:AMNGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $0.45 EPS. The company’s quarterly revenue was up 99.9% on a year-over-year basis. As a group, equities analysts anticipate that AMN Healthcare Services Inc will post 2.7 EPS for the current year.

Insider Buying and Selling

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the transaction, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

AMN has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Citizens Jmp restated a “market outperform” rating and issued a $36.00 price objective on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. UBS Group raised their price objective on AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

View Our Latest Analysis on AMN

About AMN Healthcare Services

(Free Report)

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.

See Also

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

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