Legato Capital Management LLC Takes $437,000 Position in AMN Healthcare Services Inc $AMN

Legato Capital Management LLC purchased a new stake in shares of AMN Healthcare Services Inc (NYSE:AMN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 27,702 shares of the company’s stock, valued at approximately $437,000.

Several other institutional investors have also recently made changes to their positions in AMN. Woodline Partners LP purchased a new position in shares of AMN Healthcare Services during the third quarter valued at $19,176,000. Millennium Management LLC increased its stake 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 valued at $24,934,000 after buying an additional 932,269 shares during the period. Lighthouse Investment Partners LLC increased its stake 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 valued at $5,089,000 after buying an additional 246,997 shares during the period. Qube Research & Technologies Ltd increased 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 buying an additional 231,079 shares during the period. Finally, Freestone Grove Partners LP increased its stake 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 valued at $6,470,000 after buying an additional 220,991 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Up 0.4%

NYSE AMN opened at $27.34 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. The firm has a market cap of $1.06 billion, a PE ratio of -31.43, a price-to-earnings-growth ratio of 0.67 and a beta of 0.30. The company has a 50 day moving average price of $21.93 and a 200 day moving average price of $19.30. AMN Healthcare Services Inc has a 52 week low of $14.86 and a 52 week high of $31.65.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.60 by $0.50. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. AMN Healthcare Services’s revenue was up 99.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, sell-side analysts forecast that AMN Healthcare Services Inc will post 2.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMN shares. Robert W. Baird raised their price target on AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. UBS Group raised their price target on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. 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 raised their price objective on AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.29.

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.