Allianz Asset Management GmbH Buys 196,466 Shares of AMN Healthcare Services Inc $AMN

Allianz Asset Management GmbH lifted its stake in AMN Healthcare Services Inc (NYSE:AMN) by 34.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 773,246 shares of the company’s stock after buying an additional 196,466 shares during the period. Allianz Asset Management GmbH owned approximately 2.02% of AMN Healthcare Services worth $14,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Federated Hermes Inc. increased its stake in AMN Healthcare Services by 307.2% in the 2nd quarter. Federated Hermes Inc. now owns 651,409 shares of the company’s stock worth $13,465,000 after purchasing an additional 491,454 shares during the period. CenterBook Partners LP boosted its stake in shares of AMN Healthcare Services by 321.4% during the second quarter. CenterBook Partners LP now owns 639,863 shares of the company’s stock valued at $13,226,000 after purchasing an additional 488,029 shares during the period. Tributary Capital Management LLC grew its holdings in shares of AMN Healthcare Services by 91.3% in the third quarter. Tributary Capital Management LLC now owns 831,910 shares of the company’s stock worth $16,106,000 after purchasing an additional 397,086 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of AMN Healthcare Services by 165.8% in the second quarter. Qube Research & Technologies Ltd now owns 370,444 shares of the company’s stock worth $7,657,000 after purchasing an additional 231,079 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of AMN Healthcare Services by 214.4% in the second quarter. AQR Capital Management LLC now owns 308,215 shares of the company’s stock worth $6,371,000 after buying an additional 210,189 shares during the period. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMN shares. JPMorgan Chase & Co. set a $25.00 price target on shares of AMN Healthcare Services in a report on Thursday, January 15th. 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 report on Monday, October 13th. Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Citizens Jmp lowered their price target on AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating for the company in a research report on Friday, December 19th. Finally, UBS Group increased their price objective on AMN Healthcare Services from $18.00 to $20.50 and gave the stock a “neutral” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.36.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $20.33 on Friday. AMN Healthcare Services Inc has a 1 year low of $14.86 and a 1 year high of $30.49. The stock has a market capitalization of $780.88 million, a P/E ratio of -2.83 and a beta of 0.22. The company’s 50-day moving average is $17.50 and its 200 day moving average is $18.42. 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 (NYSE:AMN) last posted its quarterly earnings data 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 positive return on equity of 10.89% and a negative net margin of 10.14%.The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. On average, sell-side analysts expect that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

About AMN Healthcare Services

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.