Charles Schwab Investment Management Inc. Purchases 217,643 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Charles Schwab Investment Management Inc. grew its position in AMN Healthcare Services, Inc. (NYSE:AMN) by 32.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 887,211 shares of the company’s stock after acquiring an additional 217,643 shares during the period. Charles Schwab Investment Management Inc. owned about 2.33% of AMN Healthcare Services worth $21,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of AMN Healthcare Services during the 3rd quarter worth about $30,000. Jones Financial Companies Lllp lifted its stake in shares of AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after buying an additional 377 shares during the last quarter. Quarry LP lifted its stake in shares of AMN Healthcare Services by 48.4% during the 3rd 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. Blue Trust Inc. lifted its stake in shares of AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after buying an additional 754 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of AMN Healthcare Services by 110.9% during the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after buying an additional 1,303 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

AMN stock opened at $24.55 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. AMN Healthcare Services, Inc. has a 12 month low of $22.47 and a 12 month high of $70.07. The firm has a market cap of $937.35 million, a P/E ratio of -6.38 and a beta of 0.15. The company’s 50-day moving average price is $25.91 and its two-hundred day moving average price is $31.45.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating 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 firm had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. On average, analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMN. Truist Financial cut 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 research note on Friday, February 21st. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Finally, StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday. Two equities research 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.17.

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.