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

Allianz Asset Management GmbH grew its holdings in AMN Healthcare Services Inc (NYSE:AMN) by 34.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 773,246 shares of the company’s stock after purchasing an additional 196,466 shares during the period. Allianz Asset Management GmbH’s holdings in AMN Healthcare Services were worth $14,970,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in AMN Healthcare Services by 11.6% in the 2nd 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 in 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% during 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. Federated Hermes Inc. grew its stake in shares of AMN Healthcare Services by 12.5% in the third quarter. Federated Hermes Inc. now owns 733,020 shares of the company’s stock worth $14,191,000 after acquiring an additional 81,611 shares during the period. Finally, CenterBook Partners LP raised its holdings 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 last quarter. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Trading Down 2.5%

Shares of AMN stock opened at $20.33 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $780.88 million, a price-to-earnings ratio of -2.83 and a beta of 0.22. AMN Healthcare Services Inc has a 1 year low of $14.86 and a 1 year high of $30.49. The firm has a fifty day moving average price of $17.50 and a 200-day moving average price of $18.42.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, November 6th. The company reported $0.39 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 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%.AMN Healthcare Services’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. As a group, equities analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

AMN has been the topic of a number of research analyst reports. BMO Capital Markets increased 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 report on Thursday, January 15th. Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. UBS Group lifted 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.36.

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.