Assenagon Asset Management S.A. Decreases Stock Holdings in AMN Healthcare Services Inc $AMN

Key Points

• Assenagon Asset Management S.A. significantly decreased its stake in AMN Healthcare Services, reducing its holdings by 88.3% in the second quarter, now owning only 23,175 shares.
• Several other institutional investors have increased their positions in AMN Healthcare Services, with Caitong International Asset Management Co. Ltd leading by boosting its stake by over 3,142%.
• AMN Healthcare Services recently reported earnings per share of $0.30, exceeding estimates, but experienced a revenue decline of 11.1% compared to the same quarter last year.

Assenagon Asset Management S.A. reduced its position in shares of AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 88.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,175 shares of the company's stock after selling 175,375 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of AMN Healthcare Services worth $479,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC lifted its position in AMN Healthcare Services by 107.0% in the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock valued at $28,000 after acquiring an additional 599 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in AMN Healthcare Services by 3,142.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock valued at $37,000 after acquiring an additional 1,477 shares during the last quarter. Caption Management LLC lifted its position in AMN Healthcare Services by 400.0% in the first quarter. Caption Management LLC now owns 2,500 shares of the company's stock valued at $61,000 after acquiring an additional 2,000 shares during the last quarter. Strs Ohio purchased a new stake in AMN Healthcare Services in the first quarter valued at $95,000. Finally, Covestor Ltd raised its holdings in shares of AMN Healthcare Services by 59.6% in the first quarter. Covestor Ltd now owns 4,650 shares of the company's stock valued at $114,000 after buying an additional 1,736 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Trading Up 5.2%

Shares of AMN opened at $18.85 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51. The firm's 50-day moving average is $19.15 and its two-hundred day moving average is $20.55. AMN Healthcare Services Inc has a twelve month low of $14.86 and a twelve month high of $43.33. The firm has a market capitalization of $722.22 million, a P/E ratio of -2.43 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13. The company had revenue of $658.18 million for the quarter, compared to the consensus estimate of $652.89 million. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The company's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. On average, research analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMN has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, August 11th. JMP Securities reduced their target price on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Finally, Bank of America dropped their price target on shares of AMN Healthcare Services from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AMN Healthcare Services presently has an average rating of "Hold" and an average target price of $23.25.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.

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