Tidal Investments LLC Makes New Investment in AMN Healthcare Services Inc $AMN

Key Points

• Tidal Investments acquired 71,097 shares of AMN Healthcare Services in the second quarter, valued at approximately $2.3 million and representing a 0.18% stake. Institutional investors collectively own 99.23% of the company.
• AMN reported stronger-than-expected quarterly results, with EPS of $0.77 versus estimates of $0.19 and revenue of $673.24 million, up 2.3% year over year.
• Shares opened at $34.93, near the consensus analyst price target of $36.00. Analyst sentiment is mixed, with four Buy ratings, three Holds, and one Sell, resulting in an overall “Hold” consensus.

Tidal Investments LLC acquired a new position in AMN Healthcare Services Inc (NYSE:AMN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 71,097 shares of the company's stock, valued at approximately $2,301,000. Tidal Investments LLC owned 0.18% of AMN Healthcare Services as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMN. Assenagon Asset Management S.A. purchased a new stake in shares of AMN Healthcare Services in the second quarter worth $1,464,000. Sei Investments Co. raised its position in shares of AMN Healthcare Services by 204.7% during the 1st quarter. Sei Investments Co. now owns 51,984 shares of the company's stock valued at $953,000 after purchasing an additional 34,925 shares during the period. First National Bank of Omaha purchased a new position in shares of AMN Healthcare Services during the 2nd quarter valued at $2,575,000. Deutsche Bank AG purchased a new position in shares of AMN Healthcare Services during the 2nd quarter valued at $1,341,000. Finally, Quantinno Capital Management LP boosted its holdings in AMN Healthcare Services by 248.8% in the 1st quarter. Quantinno Capital Management LP now owns 54,938 shares of the company's stock worth $1,008,000 after buying an additional 39,187 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $34.93 on Thursday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.17 and a beta of 0.38. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $33.85 and a 200-day simple moving average of $28.02. AMN Healthcare Services Inc has a 1 year low of $14.97 and a 1 year high of $37.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm had revenue of $673.24 million during the quarter, compared to analysts' expectations of $628.39 million. During the same period in the previous year, the company earned $0.30 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts forecast that AMN Healthcare Services Inc will post 3.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMN shares. Wall Street Zen lowered AMN Healthcare Services from a "buy" rating to a "hold" rating in a research note on Tuesday, August 25th. UBS Group upped their price objective on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Weiss Ratings upgraded AMN Healthcare Services from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Zacks Research downgraded AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Finally, Citizens Jmp lifted their target price on AMN Healthcare Services from $36.00 to $40.00 and gave the company a "market outperform" rating in a research note on Friday, August 14th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.00.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals, health systems, medical groups, government agencies and other healthcare organizations. Its services are designed to help clients address workforce shortages, manage changing staffing needs and support the delivery of patient care.

The company's offerings include travel and temporary nurse staffing, allied healthcare staffing, physician and advanced-practice professional staffing, and permanent placement services.

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