Federated Hermes Inc. Boosts Stock Position in AMN Healthcare Services Inc $AMN

Federated Hermes Inc. grew its position in AMN Healthcare Services Inc (NYSE:AMN) by 12.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 733,020 shares of the company’s stock after purchasing an additional 81,611 shares during the period. Federated Hermes Inc.’s holdings in AMN Healthcare Services were worth $14,191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in AMN Healthcare Services by 11.6% in the second quarter. Bank of America Corp DE now owns 919,408 shares of the company’s stock valued at $19,004,000 after buying an additional 95,720 shares during the last quarter. Geode Capital Management LLC lifted its stake in AMN Healthcare Services by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 909,204 shares of the company’s stock valued at $18,795,000 after acquiring an additional 30,155 shares during the period. Tributary Capital Management LLC boosted 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 acquiring an additional 397,086 shares during the last quarter. CenterBook Partners LP boosted its holdings in shares of AMN Healthcare Services by 321.4% in the 2nd quarter. CenterBook Partners LP now owns 639,863 shares of the company’s stock valued at $13,226,000 after acquiring an additional 488,029 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of AMN Healthcare Services by 22.2% in the second quarter. Allianz Asset Management GmbH now owns 576,780 shares of the company’s stock worth $11,922,000 after acquiring an additional 104,676 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMN shares. UBS Group boosted their target price on shares of AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. set a $25.00 price objective on AMN Healthcare Services in a report on Thursday, January 15th. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citizens Jmp reduced 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, Truist Financial boosted their price target on AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.36.

AMN Healthcare Services Price Performance

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

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