ARGA Investment Management LP Buys Shares of 45,782 AMN Healthcare Services Inc $AMN

ARGA Investment Management LP acquired a new position in shares of AMN Healthcare Services Inc (NYSE:AMN) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 45,782 shares of the company’s stock, valued at approximately $886,000.

Several other hedge funds have also recently bought and sold shares of AMN. Royal Bank of Canada boosted its position in shares of AMN Healthcare Services by 1.5% during the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock worth $4,753,000 after acquiring an additional 2,784 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of AMN Healthcare Services by 54.2% during the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after purchasing an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in AMN Healthcare Services in the 1st quarter valued at $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in AMN Healthcare Services by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in AMN Healthcare Services by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after purchasing an additional 51,737 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

AMN has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a report on Friday, December 19th. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citizens Jmp lowered their price target on shares of AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Friday, December 19th. Truist Financial increased their target price on AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, BMO Capital Markets boosted their price objective on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.36.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $20.47 on Friday. The company has a market cap of $786.14 million, a PE ratio of -2.85 and a beta of 0.20. AMN Healthcare Services Inc has a fifty-two week low of $14.86 and a fifty-two week high of $30.49. 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 firm has a 50-day simple moving average of $16.65 and a 200 day simple moving average of $18.42.

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

AMN Healthcare Services 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.