Victory Capital Management Inc. Increases Position in AMN Healthcare Services, Inc. (NYSE:AMN)

Victory Capital Management Inc. increased its stake in AMN Healthcare Services, Inc. (NYSE:AMN) by 145.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,054 shares of the company’s stock after purchasing an additional 19,614 shares during the quarter. Victory Capital Management Inc.’s holdings in AMN Healthcare Services were worth $791,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its holdings in shares of AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after purchasing an additional 2,801,663 shares in the last quarter. State Street Corp increased its holdings in shares of AMN Healthcare Services by 1.1% in the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after purchasing an additional 16,075 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of AMN Healthcare Services by 98.8% in the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after purchasing an additional 550,427 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of AMN Healthcare Services by 32.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock valued at $21,222,000 after purchasing an additional 217,643 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of AMN Healthcare Services by 54.5% in the 3rd quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock valued at $32,768,000 after purchasing an additional 272,552 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Truist Financial dropped their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, AMN Healthcare Services has an average rating of “Hold” and an average target price of $41.17.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $24.28 on Friday. AMN Healthcare Services, Inc. has a 12-month low of $22.47 and a 12-month high of $70.07. The stock has a market capitalization of $927.15 million, a P/E ratio of -6.31 and a beta of 0.15. The firm’s 50-day moving average is $25.87 and its two-hundred day moving average is $31.40. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

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

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.