Counterpoint Mutual Funds LLC Increases Stock Position in AMN Healthcare Services Inc $AMN

Counterpoint Mutual Funds LLC grew its position in shares of AMN Healthcare Services Inc (NYSE:AMN) by 20.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,040 shares of the company’s stock after purchasing an additional 25,958 shares during the quarter. AMN Healthcare Services makes up about 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 18th largest position. Counterpoint Mutual Funds LLC’s holdings in AMN Healthcare Services were worth $2,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strengthening Families & Communities LLC boosted its position in shares of AMN Healthcare Services by 238.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after purchasing an additional 1,207 shares during the period. Tower Research Capital LLC TRC lifted its stake in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares during the last quarter. Strs Ohio acquired a new stake in shares of AMN Healthcare Services in the first quarter valued at approximately $95,000. Covestor Ltd grew its position in shares of AMN Healthcare Services by 13.9% during the third quarter. Covestor Ltd now owns 4,747 shares of the company’s stock worth $92,000 after acquiring an additional 579 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of AMN Healthcare Services by 55.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,527 shares of the company’s stock valued at $114,000 after acquiring an additional 1,981 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Up 8.0%

AMN opened at $20.87 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.94 and a quick ratio of 1.05. AMN Healthcare Services Inc has a 12 month low of $14.86 and a 12 month high of $27.50. The stock has a market capitalization of $801.66 million, a P/E ratio of -8.38 and a beta of 0.22. The business has a 50 day simple moving average of $17.89 and a 200-day simple moving average of $18.39.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The firm had revenue of $748.23 million during the quarter, compared to analysts’ expectations of $723.11 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. AMN Healthcare Services’s revenue was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMN shares. Wall Street Zen upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Robert W. Baird raised their price target on AMN Healthcare Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group boosted their price target on AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. set a $25.00 price objective on AMN Healthcare Services in a research note on Thursday, January 15th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.64.

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.