Timpani Capital Management buys $5.9 Million stake in AMN Healthcare Services (AHS)

AMN Healthcare Services (AHS) : Timpani Capital Management scooped up 57,022 additional shares in AMN Healthcare Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 156,803 shares of AMN Healthcare Services which is valued at $5.9 Million.AMN Healthcare Services makes up approximately 2.52% of Timpani Capital Management’s portfolio.

Other Hedge Funds, Including , Herndon Capital Management boosted its stake in AHS in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 1,757 shares of AMN Healthcare Services which is valued at $65,729.Columbia Partners L L C Investment Management boosted its stake in AHS in the latest quarter, The investment management firm added 15,533 additional shares and now holds a total of 236,234 shares of AMN Healthcare Services which is valued at $8.8 Million. AMN Healthcare Services makes up approx 0.64% of Columbia Partners L L C Investment Management’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in AHS in the latest quarter, The investment management firm added 99,593 additional shares and now holds a total of 446,693 shares of AMN Healthcare Services which is valued at $15.9 Million. AMN Healthcare Services makes up approx 0.13% of Public Employees Retirement Association Of Colorado’s portfolio.Russell Frank Co boosted its stake in AHS in the latest quarter, The investment management firm added 30,936 additional shares and now holds a total of 295,831 shares of AMN Healthcare Services which is valued at $10.5 Million. AMN Healthcare Services makes up approx 0.02% of Russell Frank Co’s portfolio.

AMN Healthcare Services closed down -0.15 points or -0.42% at $35.25 with 6,33,079 shares getting traded on Wednesday. Post opening the session at $35.48, the shares hit an intraday low of $34.98 and an intraday high of $35.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, AMN Healthcare Services reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.50. The company had revenue of $468.00 million for the quarter, compared to analysts expectations of $446.47 million. The company’s revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

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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