Quantinno Capital Management LP Has $1.01 Million Stock Position in AMN Healthcare Services Inc $AMN

Quantinno Capital Management LP raised its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 248.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,938 shares of the company’s stock after acquiring an additional 39,187 shares during the quarter. Quantinno Capital Management LP owned approximately 0.14% of AMN Healthcare Services worth $1,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in AMN Healthcare Services by 55.8% during the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock worth $31,614,000 after purchasing an additional 718,048 shares during the last quarter. State Street Corp lifted its position in AMN Healthcare Services by 1.8% during the 4th quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after buying an additional 28,479 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of AMN Healthcare Services by 1,278.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock worth $25,708,000 after buying an additional 1,300,005 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of AMN Healthcare Services by 50.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock worth $25,242,000 after buying an additional 463,100 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of AMN Healthcare Services by 7,583.1% in the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after acquiring an additional 1,021,672 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Trading Down 0.1%

Shares of NYSE:AMN opened at $34.47 on Friday. AMN Healthcare Services Inc has a 52-week low of $14.97 and a 52-week high of $37.22. The company has a market capitalization of $1.33 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.40. The company has a 50-day simple moving average of $32.88 and a 200 day simple moving average of $25.60. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.13.

AMN Healthcare Services (NYSE:AMN) last posted 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. The business had revenue of $673.24 million during the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.AMN Healthcare Services’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. Sell-side analysts forecast that AMN Healthcare Services Inc will post 3.1 earnings per share for the current year.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the transaction, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research report on Friday, August 7th. Weiss Ratings raised AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday. BMO Capital Markets raised their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Citizens Jmp boosted their price target on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, Wall Street Zen raised AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and an average price target of $31.43.

About AMN Healthcare Services

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.