Invesco Ltd. Purchases 186,630 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Invesco Ltd. lifted its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 92.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 388,564 shares of the company’s stock after purchasing an additional 186,630 shares during the quarter. Invesco Ltd. owned about 1.02% of AMN Healthcare Services worth $9,294,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in AMN Healthcare Services by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock worth $106,082,000 after acquiring an additional 108,284 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of AMN Healthcare Services by 98.8% in the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after buying an additional 550,427 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AMN Healthcare Services by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock worth $21,222,000 after purchasing an additional 217,643 shares in the last quarter. Reinhart Partners LLC. purchased a new stake in AMN Healthcare Services during the fourth quarter worth about $12,341,000. Finally, Tributary Capital Management LLC raised its position in AMN Healthcare Services by 40.9% during the fourth quarter. Tributary Capital Management LLC now owns 328,085 shares of the company’s stock worth $7,848,000 after acquiring an additional 95,204 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMN shares. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Truist Financial cut their price objective on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. BMO Capital Markets reduced their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.67.

AMN Healthcare Services Stock Performance

AMN opened at $18.17 on Thursday. The stock’s 50 day simple moving average is $23.09 and its 200-day simple moving average is $27.18. 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 has a market cap of $693.89 million, a PE ratio of -4.72 and a beta of -0.03. AMN Healthcare Services, Inc. has a 1 year low of $17.45 and a 1 year high of $70.07.

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

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.