Legato Capital Management LLC Purchases New Shares 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, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,702 shares of the company’s stock, valued at approximately $437,000. Legato Capital Management LLC owned 0.07% of AMN Healthcare Services as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FourThought Financial Partners LLC purchased a new stake in AMN Healthcare Services during the 4th quarter valued at $293,000. Mach 1 Financial Group LLC purchased a new stake in AMN Healthcare Services during the 4th quarter valued at $174,000. Tweedy Browne Co LLC raised its holdings in AMN Healthcare Services by 16.7% during the 4th quarter. Tweedy Browne Co LLC now owns 18,072 shares of the company’s stock valued at $285,000 after buying an additional 2,592 shares during the period. Strs Ohio raised its holdings in AMN Healthcare Services by 14.4% during the 4th quarter. Strs Ohio now owns 39,700 shares of the company’s stock valued at $626,000 after buying an additional 5,000 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in AMN Healthcare Services by 15.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,059 shares of the company’s stock valued at $1,120,000 after buying an additional 9,702 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN stock 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 business’s fifty day simple moving average is $21.93 and its two-hundred day simple moving average is $19.30. AMN Healthcare Services Inc has a twelve month low of $14.86 and a twelve month high of $31.65. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -31.43, a PEG ratio of 0.67 and a beta of 0.30.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.23 billion. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business’s revenue was up 99.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Analysts predict that AMN Healthcare Services Inc will post 2.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMN. Zacks Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Robert W. Baird increased their price target on AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. UBS Group increased their price target on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of AMN Healthcare Services in a report on Friday, May 22nd. Finally, Wall Street Zen upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.29.

AMN Healthcare Services 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.