Connor Clark & Lunn Investment Management Ltd. Acquires 6,024 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,786 shares of the company’s stock after purchasing an additional 6,024 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of AMN Healthcare Services worth $2,153,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Mather Group LLC. acquired a new stake in AMN Healthcare Services during the 2nd quarter valued at approximately $31,000. Nisa Investment Advisors LLC increased its position in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares during the period. GAMMA Investing LLC raised its stake in AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after buying an additional 811 shares during the last quarter. Innealta Capital LLC acquired a new position in AMN Healthcare Services in the second quarter valued at $65,000. Finally, Farther Finance Advisors LLC boosted its position in AMN Healthcare Services by 455.0% during the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after acquiring an additional 1,224 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN opened at $27.16 on Tuesday. AMN Healthcare Services, Inc. has a 1-year low of $23.37 and a 1-year high of $80.22. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 19.68 and a beta of 0.13. The company’s fifty day moving average price is $37.57 and its two-hundred day moving average price is $48.57. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter in the prior year, the business posted $1.97 EPS. On average, analysts expect that AMN Healthcare Services, Inc. will post 3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMN. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. JMP Securities dropped their price target on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, UBS Group reduced their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.33.

Insider Activity

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.93% of the company’s stock.

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.