Assenagon Asset Management S.A. Decreases Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Assenagon Asset Management S.A. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 53.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,609 shares of the company’s stock after selling 47,985 shares during the period. Assenagon Asset Management S.A. owned about 0.11% of AMN Healthcare Services worth $1,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMN. Vaughan Nelson Investment Management L.P. purchased a new position in shares of AMN Healthcare Services during the 2nd quarter worth $45,481,000. New South Capital Management Inc. lifted its position in AMN Healthcare Services by 24.6% during the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after purchasing an additional 111,302 shares in the last quarter. Quadrature Capital Ltd increased its position in AMN Healthcare Services by 366.6% in the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock worth $1,455,000 after buying an additional 18,264 shares in the last quarter. Virtu Financial LLC bought a new position in shares of AMN Healthcare Services in the first quarter worth about $878,000. Finally, Connors Investor Services Inc. lifted its position in shares of AMN Healthcare Services by 88.0% during the 1st quarter. Connors Investor Services Inc. now owns 47,966 shares of the company’s stock valued at $2,998,000 after buying an additional 22,447 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $36.90 on Friday. The company has a market capitalization of $1.40 billion, a P/E ratio of 14.25 and a beta of 0.11. The business’s 50-day moving average is $43.96 and its 200 day moving average is $51.83. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services, Inc. has a 12 month low of $36.50 and a 12 month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. During the same period in the prior year, the firm posted $2.38 EPS. The firm’s revenue was down 25.3% compared to the same quarter last year. On average, equities research analysts forecast that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMN shares. Truist Financial lowered their price target on shares of AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, October 21st. BMO Capital Markets raised their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. JMP Securities dropped their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Finally, StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.17.

About AMN Healthcare Services

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.