Lighthouse Investment Partners LLC Buys 246,997 Shares of AMN Healthcare Services Inc $AMN

Lighthouse Investment Partners LLC grew its stake in shares of AMN Healthcare Services Inc (NYSE:AMN) by 1,557.4% in the third quarter, HoldingsChannel.com reports. The firm owned 262,857 shares of the company’s stock after buying an additional 246,997 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in AMN Healthcare Services were worth $5,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. boosted its position in AMN Healthcare Services by 307.2% during the 2nd quarter. Federated Hermes Inc. now owns 651,409 shares of the company’s stock valued at $13,465,000 after buying an additional 491,454 shares during the period. CenterBook Partners LP increased its position in shares of AMN Healthcare Services by 321.4% in the second quarter. CenterBook Partners LP now owns 639,863 shares of the company’s stock valued at $13,226,000 after acquiring an additional 488,029 shares during the period. Tributary Capital Management LLC raised its stake in shares of AMN Healthcare Services by 91.3% during the third quarter. Tributary Capital Management LLC now owns 831,910 shares of the company’s stock valued at $16,106,000 after acquiring an additional 397,086 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of AMN Healthcare Services by 165.8% during the second quarter. Qube Research & Technologies Ltd now owns 370,444 shares of the company’s stock valued at $7,657,000 after acquiring an additional 231,079 shares during the last quarter. Finally, Freestone Grove Partners LP boosted its holdings in shares of AMN Healthcare Services by 195.3% during the third quarter. Freestone Grove Partners LP now owns 334,174 shares of the company’s stock worth $6,470,000 after purchasing an additional 220,991 shares during the period. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, January 21st. UBS Group upped their price target on AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a research report on Friday, February 20th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, BMO Capital Markets upped their target price on AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.64.

AMN Healthcare Services Trading Down 1.0%

AMN opened at $18.71 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.19. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $26.77. The stock has a market cap of $722.76 million, a PE ratio of -7.51, a PEG ratio of 0.76 and a beta of 0.23. The business has a 50 day moving average of $19.21 and a 200-day moving average of $18.50.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $748.23 million for the quarter, compared to analysts’ expectations of $723.11 million. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. Equities research analysts predict that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

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.