Federated Hermes Inc. Buys 491,454 Shares of AMN Healthcare Services Inc $AMN

Federated Hermes Inc. grew its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 307.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 651,409 shares of the company’s stock after acquiring an additional 491,454 shares during the period. Federated Hermes Inc. owned 1.70% of AMN Healthcare Services worth $13,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMN. Thompson Investment Management Inc. increased its holdings in shares of AMN Healthcare Services by 5.0% during the second quarter. Thompson Investment Management Inc. now owns 324,227 shares of the company’s stock worth $6,702,000 after purchasing an additional 15,420 shares during the period. Millennium Management LLC lifted its stake in AMN Healthcare Services by 137.5% in the 1st quarter. Millennium Management LLC now owns 1,097,482 shares of the company’s stock valued at $26,844,000 after purchasing an additional 635,296 shares during the last quarter. Yousif Capital Management LLC grew its position in AMN Healthcare Services by 3.2% during the 2nd quarter. Yousif Capital Management LLC now owns 17,027 shares of the company’s stock worth $352,000 after acquiring an additional 534 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of AMN Healthcare Services in the second quarter valued at approximately $2,585,000. Finally, CWM LLC lifted its holdings in shares of AMN Healthcare Services by 68.2% during the second quarter. CWM LLC now owns 47,061 shares of the company’s stock worth $973,000 after purchasing an additional 19,074 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMN. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 8th. Bank of America lowered their price objective on shares of AMN Healthcare Services from $20.00 to $18.00 and set an “underperform” rating for the company in a research note on Wednesday, September 10th. Truist Financial increased their target price on shares of AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. UBS Group lifted their price target on shares of AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $21.75.

AMN Healthcare Services Trading Up 0.2%

NYSE:AMN opened at $15.99 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. AMN Healthcare Services Inc has a one year low of $14.86 and a one year high of $30.49. The company has a market cap of $614.06 million, a PE ratio of -2.22 and a beta of 0.21. The firm has a 50-day moving average of $18.28 and a 200-day moving average of $19.43.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.20. The business had revenue of $634.50 million for the quarter, compared to analysts’ expectations of $618.08 million. AMN Healthcare Services had a negative net margin of 10.14% and a positive return on equity of 10.89%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. As a group, equities research analysts expect that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

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.