Assenagon Asset Management S.A. Has $4.86 Million Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Assenagon Asset Management S.A. increased its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 377.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,550 shares of the company’s stock after buying an additional 156,945 shares during the period. Assenagon Asset Management S.A. owned about 0.52% of AMN Healthcare Services worth $4,857,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after purchasing an additional 377 shares during the last quarter. LRI Investments LLC raised its holdings in AMN Healthcare Services by 368.2% during the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after purchasing an additional 1,274 shares during the last quarter. Blue Trust Inc. raised its holdings in AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after purchasing an additional 754 shares during the last quarter. Covestor Ltd raised its holdings in AMN Healthcare Services by 41.0% during the 4th quarter. Covestor Ltd now owns 2,914 shares of the company’s stock worth $70,000 after purchasing an additional 848 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in AMN Healthcare Services by 74.9% during the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the company’s stock worth $129,000 after purchasing an additional 2,260 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $21.55 on Monday. The company has a fifty day simple moving average of $20.51 and a 200 day simple moving average of $23.62. AMN Healthcare Services, Inc. has a 12-month low of $17.45 and a 12-month high of $70.07. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a market cap of $825.04 million, a P/E ratio of -5.60 and a beta of 0.19.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.26. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The business had revenue of $689.53 million during the quarter, compared to the consensus estimate of $670.08 million. During the same quarter last year, the firm posted $0.97 EPS. AMN Healthcare Services’s revenue was down 16.0% compared to the same quarter last year. Sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lowered their price target on shares of AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th. BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Truist Financial lowered their price objective on shares of AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $32.08.

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.