Kennedy Capital Management Lowers stake in AMN Healthcare Services (AHS)

AMN Healthcare Services (AHS) : Kennedy Capital Management reduced its stake in AMN Healthcare Services by 9.31% during the most recent quarter end. The investment management company now holds a total of 918,815 shares of AMN Healthcare Services which is valued at $32,691,438 after selling 94,282 shares in AMN Healthcare Services , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.AMN Healthcare Services makes up approximately 0.63% of Kennedy Capital Management’s portfolio.

Other Hedge Funds, Including , Columbia Wanger Asset Management reduced its stake in AHS by selling 283,583 shares or 42.54% in the most recent quarter. The Hedge Fund company now holds 383,104 shares of AHS which is valued at $13,630,840. AMN Healthcare Services makes up approx 0.15% of Columbia Wanger Asset Management’s portfolio.Oxford Asset Management reduced its stake in AHS by selling 11,276 shares or 6.36% in the most recent quarter. The Hedge Fund company now holds 166,043 shares of AHS which is valued at $5,723,502. AMN Healthcare Services makes up approx 0.23% of Oxford Asset Management’s portfolio. Putnam Fl Investment Management Co added AHS to its portfolio by purchasing 194,739 company shares during the most recent quarter which is valued at $8,445,830. AMN Healthcare Services makes up approx 0.97% of Putnam Fl Investment Management Co’s portfolio.Pembroke Management Ltd boosted its stake in AHS in the latest quarter, The investment management firm added 55,000 additional shares and now holds a total of 392,100 shares of AMN Healthcare Services which is valued at $17,201,427. AMN Healthcare Services makes up approx 1.61% of Pembroke Management Ltd’s portfolio. Trust Department Mb Financial Bank N A added AHS to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $43,080.

AMN Healthcare Services opened for trading at $35.75 and hit $36.11 on the upside on Monday, eventually ending the session at $35.85, with a gain of 0.22% or 0.08 points. The heightened volatility saw the trading volume jump to 7,68,842 shares. Company has a market cap of $1,723 M.

On the company’s financial health, AMN Healthcare Services reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.53. The company had revenue of $473.70 million for the quarter, compared to analysts expectations of $455.14 million. The company’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on AMN Healthcare Services. Company shares were Reiterated by Lake Street on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $46 .Lake Street Initiated AMN Healthcare Services on May 31, 2016 to “Buy”, Price Target of the shares are set at $46.

AMN Healthcare Services Inc. (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company’s workforce solutions include managed services programs (MSP) vendor management systems (VMS) recruitment process outsourcing (RPO) workforce consulting services predictive modeling staff scheduling and the placement of physicians nurses and allied healthcare professionals into temporary and permanent positions enable its clients to reduce staffing complexity increase efficiency and improve patient outcomes within the rapidly evolving healthcare environment. The Company’s clients include acute and sub-acute care hospitals community health centers and clinics physician practice groups home health facilities and several other healthcare settings. The Company provides its services through three segments: Nurse and Allied Healthcare Staffing Segment Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.

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