AMN Healthcare Services Inc $AMN Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC grew its stake in AMN Healthcare Services Inc (NYSE:AMN) by 20.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 151,040 shares of the company’s stock after acquiring an additional 25,958 shares during the period. AMN Healthcare Services comprises 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 18th biggest holding. Counterpoint Mutual Funds LLC owned approximately 0.39% of AMN Healthcare Services worth $2,924,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in AMN Healthcare Services by 0.4% in the 3rd 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. Bank of America Corp DE boosted its position in shares of AMN Healthcare Services by 11.6% during the second quarter. Bank of America Corp DE now owns 919,408 shares of the company’s stock worth $19,004,000 after buying an additional 95,720 shares during the period. Geode Capital Management LLC grew its stake in shares of AMN Healthcare Services by 3.4% in the second quarter. Geode Capital Management LLC now owns 909,204 shares of the company’s stock valued at $18,795,000 after buying an additional 30,155 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of AMN Healthcare Services by 91.3% in the 3rd quarter. Tributary Capital Management LLC now owns 831,910 shares of the company’s stock valued at $16,106,000 after buying an additional 397,086 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of AMN Healthcare Services by 34.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 773,246 shares of the company’s stock valued at $14,970,000 after buying an additional 196,466 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Up 8.0%

Shares of NYSE:AMN opened at $20.87 on Tuesday. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $27.50. The company’s 50 day moving average is $17.89 and its two-hundred day moving average is $18.39. The company has a market cap of $801.66 million, a PE ratio of -8.38 and a beta of 0.22. The company has a current ratio of 0.94, a quick ratio of 1.05 and a debt-to-equity ratio of 1.19.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $748.23 million for the quarter, compared to analysts’ expectations of $723.11 million. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.AMN Healthcare Services’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Equities analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird lifted their target price on AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. set a $25.00 price objective on shares of AMN Healthcare Services in a report on Thursday, January 15th. BMO Capital Markets upped their target price 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. Citizens Jmp raised their price target on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday. Finally, Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, AMN Healthcare Services has an average rating of “Hold” and an average price target of $22.64.

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.