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

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,977 shares of the company’s stock after acquiring an additional 6,191 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in AMN Healthcare Services were worth $1,363,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AMN. Anthracite Investment Company Inc. acquired a new position in AMN Healthcare Services in the third quarter valued at approximately $1,696,000. Harbor Capital Advisors Inc. boosted its holdings in shares of AMN Healthcare Services by 285.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after buying an additional 58,830 shares in the last quarter. Equitable Trust Co. grew its position in shares of AMN Healthcare Services by 125.4% in the 4th quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock valued at $515,000 after buying an additional 11,974 shares during the last quarter. Thompson Investment Management Inc. raised its stake in AMN Healthcare Services by 381.8% during the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock worth $7,095,000 after acquiring an additional 235,067 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in AMN Healthcare Services in the third quarter valued at $1,892,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 1.7 %

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

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial dropped their price objective on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, February 21st. JMP Securities restated a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. BMO Capital Markets reduced their price objective 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. Finally, StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday. Two investment 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.17.

AMN Healthcare Services Profile

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.