Invenomic Capital Management LP Boosts Stock Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

Invenomic Capital Management LP raised its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 406.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,807 shares of the company’s stock after purchasing an additional 322,445 shares during the quarter. Invenomic Capital Management LP’s holdings in AMN Healthcare Services were worth $9,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AMN Healthcare Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock valued at $106,082,000 after buying an additional 108,284 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after purchasing an additional 550,427 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of AMN Healthcare Services by 32.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock valued at $21,222,000 after purchasing an additional 217,643 shares in the last quarter. Northern Trust Corp lifted its stake in shares of AMN Healthcare Services by 30.0% in the fourth quarter. Northern Trust Corp now owns 641,106 shares of the company’s stock valued at $15,335,000 after purchasing an additional 148,116 shares during the period. Finally, Reinhart Partners LLC. acquired a new position in AMN Healthcare Services during the fourth quarter worth about $12,341,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Up 8.2 %

Shares of NYSE:AMN opened at $21.99 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $839.78 million, a P/E ratio of -5.71 and a beta of 0.16. AMN Healthcare Services, Inc. has a 52-week low of $17.45 and a 52-week high of $70.07. The stock’s fifty day simple moving average is $21.82 and its 200-day simple moving average is $25.44.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.26. The company had revenue of $689.53 million for the quarter, compared to analysts’ expectations of $670.08 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The firm’s revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. As a group, equities research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMN. JMP Securities reissued a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Truist Financial decreased their target price on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and an average target price of $38.67.

AMN Healthcare Services Company Profile

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.