Lazard Asset Management LLC Has $33.31 Million Stake in AMN Healthcare Services Inc (AMN)
Lazard Asset Management LLC grew its stake in AMN Healthcare Services Inc (NYSE:AMN) by 49.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 853,038 shares of the company’s stock after acquiring an additional 281,283 shares during the period. Lazard Asset Management LLC owned 1.78% of AMN Healthcare Services worth $33,311,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMN. Acrospire Investment Management LLC grew its holdings in shares of AMN Healthcare Services by 13.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after acquiring an additional 300 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of AMN Healthcare Services in the 1st quarter valued at about $101,000. Meadow Creek Investment Management LLC bought a new position in shares of AMN Healthcare Services in the 1st quarter valued at about $104,000. Bank of Montreal Can bought a new position in shares of AMN Healthcare Services in the 2nd quarter valued at about $105,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of AMN Healthcare Services by 85.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock valued at $116,000 after acquiring an additional 1,363 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.
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Several brokerages have recently weighed in on AMN. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. BMO Capital Markets restated a “buy” rating and issued a $43.00 price objective on shares of AMN Healthcare Services in a report on Friday, September 1st. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Wells Fargo & Company began coverage on AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.83.
AMN Healthcare Services Inc (NYSE AMN) traded up 1.336% during trading on Wednesday, reaching $39.825. The company had a trading volume of 54,265 shares. The company has a 50-day moving average price of $37.63 and a 200 day moving average price of $38.43. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 16.804 and a beta of 0.47. AMN Healthcare Services Inc has a one year low of $26.00 and a one year high of $43.85.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The firm had revenue of $489.80 million during the quarter, compared to analyst estimates of $489.79 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Analysts expect that AMN Healthcare Services Inc will post $3.12 earnings per share for the current year.
AMN Healthcare Services Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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