Tributary Capital Management LLC Reduces Position in AMN Healthcare Services Inc $AMN

Tributary Capital Management LLC trimmed its holdings in shares of AMN Healthcare Services Inc (NYSE:AMN) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 380,529 shares of the company’s stock after selling 35,426 shares during the quarter. Tributary Capital Management LLC’s holdings in AMN Healthcare Services were worth $5,997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMN. Woodline Partners LP purchased a new stake in shares of AMN Healthcare Services during the third quarter worth about $19,176,000. Millennium Management LLC increased its position in shares of AMN Healthcare Services by 262.1% during the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock worth $24,934,000 after acquiring an additional 932,269 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in shares of AMN Healthcare Services by 1,557.4% during the third quarter. Lighthouse Investment Partners LLC now owns 262,857 shares of the company’s stock worth $5,089,000 after acquiring an additional 246,997 shares during the last quarter. Qube Research & Technologies Ltd increased its position 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 worth $7,657,000 after acquiring an additional 231,079 shares during the last quarter. Finally, Freestone Grove Partners LP increased its position 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 acquiring an additional 220,991 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Down 1.3%

NYSE:AMN opened at $20.19 on Friday. The firm has a market capitalization of $780.28 million, a PE ratio of -8.11, a price-to-earnings-growth ratio of 0.83 and a beta of 0.25. The stock has a 50 day moving average of $19.04 and a 200-day moving average of $18.39. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $23.74. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 19th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $748.23 million during the quarter, compared to analyst estimates 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 business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. Analysts predict that AMN Healthcare Services Inc will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMN shares. Citizens Jmp lifted their target price on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. set a $25.00 price objective on AMN Healthcare Services in a report on Thursday, January 15th. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a report on Monday, February 23rd. Robert W. Baird boosted their price objective on AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, UBS Group boosted their price objective on AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and an average target price of $22.64.

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.