Federated Hermes Inc. Purchases 81,611 Shares of AMN Healthcare Services Inc $AMN

Federated Hermes Inc. increased its holdings in AMN Healthcare Services Inc (NYSE:AMN) by 12.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 733,020 shares of the company’s stock after acquiring an additional 81,611 shares during the quarter. Federated Hermes Inc. owned approximately 1.91% of AMN Healthcare Services worth $14,191,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after purchasing an additional 1,020 shares during the period. Covestor Ltd raised its stake in AMN Healthcare Services by 13.9% in the third quarter. Covestor Ltd now owns 4,747 shares of the company’s stock worth $92,000 after buying an additional 579 shares in the last quarter. Strs Ohio bought a new position in AMN Healthcare Services in the first quarter worth approximately $95,000. Osaic Holdings Inc. lifted its holdings in AMN Healthcare Services by 55.9% during the second quarter. Osaic Holdings Inc. now owns 5,527 shares of the company’s stock worth $114,000 after buying an additional 1,981 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in AMN Healthcare Services by 16.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 9,046 shares of the company’s stock valued at $187,000 after acquiring an additional 1,307 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

AMN has been the subject of several recent research reports. Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Citizens Jmp cut their target price on AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Friday, December 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a research report on Friday, December 19th. Finally, BMO Capital Markets boosted their price objective on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.36.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $21.25 on Friday. The firm has a market capitalization of $816.33 million, a P/E ratio of -2.96 and a beta of 0.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average price of $17.13 and a 200 day moving average price of $18.38. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $30.49.

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

AMN Healthcare Services Company Profile

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.