Intech Investment Management LLC Increases Stake in AMN Healthcare Services, Inc. (NYSE:AMN)

Intech Investment Management LLC grew its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,117 shares of the company’s stock after buying an additional 4,283 shares during the quarter. Intech Investment Management LLC’s holdings in AMN Healthcare Services were worth $960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMN. Quest Partners LLC purchased a new position in shares of AMN Healthcare Services in the 3rd quarter valued at about $334,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of AMN Healthcare Services by 13.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,786 shares of the company’s stock valued at $2,153,000 after buying an additional 6,024 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of AMN Healthcare Services by 10.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,568 shares of the company’s stock valued at $28,383,000 after buying an additional 62,647 shares during the period. Citigroup Inc. raised its position in shares of AMN Healthcare Services by 16.5% during the 3rd quarter. Citigroup Inc. now owns 96,259 shares of the company’s stock worth $4,080,000 after acquiring an additional 13,617 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of AMN Healthcare Services during the 3rd quarter worth about $1,892,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the topic of several research analyst reports. BMO Capital Markets cut their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Truist Financial cut their target price on 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, StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Trading Down 0.6 %

AMN opened at $24.09 on Friday. The firm has a market cap of $920.05 million, a price-to-earnings ratio of -6.26 and a beta of 0.15. AMN Healthcare Services, Inc. has a 52 week low of $22.47 and a 52 week high of $70.07. The business’s 50 day moving average is $25.81 and its two-hundred day moving average is $31.05. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. The company had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. On average, research analysts predict that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

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.