American Century Companies Inc. Reduces Holdings in AMN Healthcare Services, Inc. (NYSE:AMN)

American Century Companies Inc. cut its stake in AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) by 89.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,246 shares of the company's stock after selling 613,993 shares during the period. American Century Companies Inc. owned about 0.18% of AMN Healthcare Services worth $1,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMN. 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 acquiring an additional 16,075 shares during the period. WCM Investment Management LLC grew its position in AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock worth $26,367,000 after purchasing an additional 550,427 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in AMN Healthcare Services by 32.5% in the fourth 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 during the period. Wellington Management Group LLP raised its holdings in shares of AMN Healthcare Services by 54.5% in the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company's stock valued at $32,768,000 after buying an additional 272,552 shares during the last quarter. Finally, Reinhart Partners LLC. acquired a new stake in shares of AMN Healthcare Services during the fourth quarter worth about $12,341,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

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AMN Healthcare Services Price Performance

Shares of AMN traded down $0.52 during trading hours on Tuesday, reaching $19.22. The company had a trading volume of 38,580 shares, compared to its average volume of 892,036. The company has a market capitalization of $733.84 million, a price-to-earnings ratio of -5.01 and a beta of -0.03. AMN Healthcare Services, Inc. has a 12-month low of $18.15 and a 12-month high of $70.07. The firm has a 50 day simple moving average of $23.95 and a 200-day simple moving average of $28.06. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. Research analysts expect that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMN. Truist Financial lowered their target price on AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. JMP Securities restated a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. BMO Capital Markets lowered their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, StockNews.com raised shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. One investment 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, the company presently has a consensus rating of "Hold" and an average target price of $41.17.

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.