Connor Clark & Lunn Investment Management Ltd. Increases Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Connor Clark & Lunn Investment Management Ltd. grew its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,977 shares of the company’s stock after purchasing an additional 6,191 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.15% of AMN Healthcare Services worth $1,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in AMN Healthcare Services during the third quarter worth $30,000. Jones Financial Companies Lllp grew its position in shares of AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after acquiring an additional 377 shares during the period. Blue Trust Inc. increased its stake in shares of AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares in the last quarter. KBC Group NV raised its holdings in AMN Healthcare Services by 110.9% in the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after purchasing an additional 1,303 shares during the period. Finally, GAMMA Investing LLC boosted its position in AMN Healthcare Services by 189.6% during the fourth quarter. GAMMA Investing LLC now owns 3,018 shares of the company’s stock worth $72,000 after purchasing an additional 1,976 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Down 1.7 %

Shares of NYSE AMN opened at $24.55 on Thursday. The stock has a market cap of $937.35 million, a PE ratio of -6.38 and a beta of 0.15. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a 12-month low of $22.47 and a 12-month high of $70.07. The company has a 50-day moving average of $25.91 and a 200 day moving average of $31.45.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The business had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. As a group, sell-side analysts predict that AMN Healthcare Services, Inc. will post 1.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets reduced their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial dropped their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, JMP Securities restated a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.17.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.