Dumont Blake Investment Advisors Lowers stake in AMN Healthcare Services (AHS)

AMN Healthcare Services (AHS) : Dumont Blake Investment Advisors reduced its stake in AMN Healthcare Services by 1.41% during the most recent quarter end. The investment management company now holds a total of 23,070 shares of AMN Healthcare Services which is valued at $1,000,546 after selling 330 shares in AMN Healthcare Services , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.AMN Healthcare Services makes up approximately 0.49% of Dumont Blake Investment Advisors’s portfolio.

Other Hedge Funds, Including , Palisade Capital Managementnj sold out all of its stake in AHS during the most recent quarter. The investment firm sold 36,900 shares of AHS which is valued $1,600,353.Eqis Capital Management boosted its stake in AHS in the latest quarter, The investment management firm added 2,150 additional shares and now holds a total of 12,434 shares of AMN Healthcare Services which is valued at $535,657. AMN Healthcare Services makes up approx 0.04% of Eqis Capital Management’s portfolio. Foundry Partners added AHS to its portfolio by purchasing 6,355 company shares during the most recent quarter which is valued at $272,185. AMN Healthcare Services makes up approx 0.03% of Foundry Partners’s portfolio.

AMN Healthcare Services closed down -3.2 points or -7.97% at $36.94 with 31,17,829 shares getting traded on Monday. Post opening the session at $39.92, the shares hit an intraday low of $36.7 and an intraday high of $39.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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