Connor Clark & Lunn Investment Management Ltd. Purchases New Position in AMN Healthcare Services Inc $AMN

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in AMN Healthcare Services Inc (NYSE:AMN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 186,796 shares of the company’s stock, valued at approximately $6,047,000.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of AMN Healthcare Services by 1.5% in the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock worth $4,753,000 after acquiring an additional 2,784 shares in the last quarter. AQR Capital Management LLC increased its holdings in AMN Healthcare Services by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock valued at $2,398,000 after purchasing an additional 34,465 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in AMN Healthcare Services in the 1st quarter valued at $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in AMN Healthcare Services by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in AMN Healthcare Services by 13.7% in the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after purchasing an additional 51,737 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Insider Transactions at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the sale, the director directly owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. This represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

AMN Healthcare Services Price Performance

AMN opened at $35.07 on Friday. The stock has a market cap of $1.36 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.26 and a beta of 0.40. AMN Healthcare Services Inc has a 12 month low of $14.97 and a 12 month high of $37.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The company has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $26.51.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, research analysts expect that AMN Healthcare Services Inc will post 3.1 EPS for the current year.

Analyst Ratings Changes

AMN has been the subject of a number of research analyst reports. Wall Street Zen cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. UBS Group upped their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citizens Jmp raised their price target on shares of AMN Healthcare Services from $36.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, August 14th. Finally, Zacks Research lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.43.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.