Falcon Point Capital buys $12,292,598 stake in AMN Healthcare Services (AHS)

AMN Healthcare Services (AHS) : Falcon Point Capital scooped up 40,513 additional shares in AMN Healthcare Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 278,365 shares of AMN Healthcare Services which is valued at $12,292,598.AMN Healthcare Services makes up approximately 2.06% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in AHS by selling 20,695 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 509,412 shares of AHS which is valued at $22,495,634. AMN Healthcare Services makes up approx 0.02% of American Century Companies Inc’s portfolio.Louisiana State Employees Retirement System boosted its stake in AHS in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 21,300 shares of AMN Healthcare Services which is valued at $940,608. AMN Healthcare Services makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio. Kistler-tiffany Companies added AHS to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $512.

AMN Healthcare Services closed down -1.07 points or -2.47% at $42.3 with 15,45,861 shares getting traded on Friday. Post opening the session at $43.21, the shares hit an intraday low of $42.012 and an intraday high of $43.4 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on AMN Healthcare Services. 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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