WCM Investment Management LLC Has $26.37 Million Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

WCM Investment Management LLC boosted its holdings in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 98.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,107,405 shares of the company’s stock after buying an additional 550,427 shares during the quarter. WCM Investment Management LLC owned about 2.91% of AMN Healthcare Services worth $26,367,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMN. Exchange Traded Concepts LLC increased its holdings in shares of AMN Healthcare Services by 5.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock valued at $284,000 after acquiring an additional 337 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of AMN Healthcare Services by 14.1% in the third quarter. Park Avenue Securities LLC now owns 5,165 shares of the company’s stock valued at $219,000 after purchasing an additional 639 shares during the period. Quarry LP lifted its stake in shares of AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after buying an additional 654 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of AMN Healthcare Services in the third quarter worth $30,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of AMN Healthcare Services by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,292 shares of the company’s stock worth $1,091,000 after buying an additional 748 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Performance

AMN opened at $25.24 on Friday. The stock has a market cap of $960.89 million, a PE ratio of 18.29 and a beta of 0.07. AMN Healthcare Services, Inc. has a 1 year low of $22.47 and a 1 year high of $79.74. The stock’s 50 day simple moving average is $25.97 and its 200-day simple moving average is $37.90. 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 announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm 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 previous year, the firm posted $1.97 EPS. Sell-side analysts forecast that AMN Healthcare Services, Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

AMN has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 8th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. BMO Capital Markets cut their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Jefferies Financial Group lowered their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday. 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 data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $44.50.

AMN Healthcare Services Company 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.