Torch Wealth Management buys $579,351 stake in AMN Healthcare Services (AHS)

AMN Healthcare Services (AHS) : Torch Wealth Management scooped up 3,625 additional shares in AMN Healthcare Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 16,950 shares of AMN Healthcare Services which is valued at $579,351.AMN Healthcare Services makes up approximately 0.43% of Torch Wealth Management’s portfolio.

Other Hedge Funds, Including , Parametrica Management Ltd sold out all of its stake in AHS during the most recent quarter. The investment firm sold 5,048 shares of AHS which is valued $172,541. Algert Global sold out all of its stake in AHS during the most recent quarter. The investment firm sold 19,470 shares of AHS which is valued $633,554.Simplex Trading reduced its stake in AHS by selling 798 shares or 12.14% in the most recent quarter. The Hedge Fund company now holds 5,777 shares of AHS which is valued at $184,344. AMN Healthcare Services makes up approx 0.02% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AHS by selling 7,661 shares or 47.78% in the most recent quarter. The Hedge Fund company now holds 8,374 shares of AHS which is valued at $263,195.Independent Portfolio Consultants reduced its stake in AHS by selling 310 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 22,370 shares of AHS which is valued at $703,089. AMN Healthcare Services makes up approx 0.22% of Independent Portfolio Consultants’s portfolio.

AMN Healthcare Services closed down -0.18 points or -0.55% at $32.54 with 5,36,342 shares getting traded on Tuesday. Post opening the session at $32.83, the shares hit an intraday low of $32 and an intraday high of $32.83 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 .

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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