Assenagon Asset Management S.A. Grows Position in AMN Healthcare Services Inc (NYSE:AMN)

Assenagon Asset Management S.A. increased its position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 377.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 198,550 shares of the company's stock after acquiring an additional 156,945 shares during the period. Assenagon Asset Management S.A. owned about 0.52% of AMN Healthcare Services worth $4,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock valued at $36,000 after buying an additional 377 shares during the period. Cresset Asset Management LLC increased its position in AMN Healthcare Services by 5.6% during the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock valued at $257,000 after acquiring an additional 566 shares during the last quarter. Blue Trust Inc. lifted its holdings in AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock valued at $57,000 after acquiring an additional 754 shares during the period. Covestor Ltd lifted its holdings in AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company's stock valued at $70,000 after acquiring an additional 848 shares during the period. Finally, AlphaQuest LLC boosted its position in AMN Healthcare Services by 12.1% in the fourth quarter. AlphaQuest LLC now owns 8,840 shares of the company's stock worth $211,000 after purchasing an additional 954 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Price Performance

NYSE:AMN traded up $0.03 during trading hours on Tuesday, hitting $21.94. 456,097 shares of the stock traded hands, compared to its average volume of 913,256. The company has a market cap of $839.86 million, a price-to-earnings ratio of -5.07 and a beta of 0.19. AMN Healthcare Services Inc has a 1 year low of $17.45 and a 1 year high of $70.07. The stock has a 50 day moving average price of $20.58 and a 200 day moving average price of $23.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.39.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.26. AMN Healthcare Services had a negative net margin of 5.80% and a positive return on equity of 13.39%. The company had revenue of $689.53 million for the quarter, compared to analysts' expectations of $670.08 million. During the same quarter in the previous year, the company earned $0.97 EPS. AMN Healthcare Services's revenue for the quarter was down 16.0% on a year-over-year basis. Sell-side analysts forecast that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AMN. UBS Group reduced their price target on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Truist Financial reduced their target price on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, BMO Capital Markets reduced their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $32.08.

AMN Healthcare Services Company Profile

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.