45,236 Shares in AMN Healthcare Services Inc $AMN Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 45,236 shares of AMN Healthcare Services valued at approximately $1.46 million, while institutional investors collectively own 99.23% of the company.
• AMN reported quarterly earnings of $0.77 per share, beating estimates of $0.19, on revenue of $673.24 million—up 2.3% year over year and above analyst expectations.
• Analysts maintain a mixed outlook, with an average rating of “Hold” and an average price target of $31.43; the stock opened at $34.47 and recently traded near its 12-month high.

Assenagon Asset Management S.A. purchased a new stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,236 shares of the company's stock, valued at approximately $1,464,000. Assenagon Asset Management S.A. owned about 0.12% of AMN Healthcare Services as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMN. Summit Securities Group LLC acquired a new position in AMN Healthcare Services during the fourth quarter worth $32,000. Versant Capital Management Inc lifted its holdings in shares of AMN Healthcare Services by 41.8% in the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock valued at $38,000 after purchasing an additional 345 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its position in AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company's stock worth $47,000 after buying an additional 2,000 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services in the 3rd quarter valued at about $63,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock worth $64,000 after purchasing an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets boosted their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, May 11th. Citigroup restated an "outperform" rating on shares of AMN Healthcare Services in a report on Friday. UBS Group upped their target price on AMN Healthcare Services from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research report on Friday, August 7th. Finally, Weiss Ratings raised AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $31.43.

AMN Healthcare Services Price Performance

NYSE AMN opened at $34.47 on Friday. AMN Healthcare Services Inc has a 12 month low of $14.97 and a 12 month high of $37.22. The firm has a market capitalization of $1.33 billion, a PE ratio of 12.86, a P/E/G ratio of 1.27 and a beta of 0.40. The company's 50 day simple moving average is $32.88 and its 200 day simple moving average is $25.60. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.09.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.58. The business had revenue of $673.24 million during the quarter, compared to analysts' expectations of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. As a group, equities research analysts forecast that AMN Healthcare Services Inc will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company's stock.

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.

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