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ClearBridge Investments, an investment management company, has released its Q4 2023 Investor Letter for its “ClearBridge Small Cap Value Strategy.” You can download a copy of the same here. The strategy underperformed the benchmark Russell 2000 Value Index in the fourth quarter. On an absolute basis, the strategy delivered gains across 8 of the 11 sectors invested in during the quarter. Overall sector allocation and stock selection contributed to the relative underperformance. Plus, check out the fund’s top 5 holdings to find out the best stocks for 2023.
ClearBridge Small Cap Value Strategy featured stocks such as AMN Healthcare Services (NYSE:AMN) in its Q4 2023 Investor Letter. AMN Healthcare Services, Inc. (NYSE:AMN), headquartered in Dallas, Texas, is a provider of healthcare human resources solutions and staffing services. On March 14, 2024, AMN Healthcare Services, Inc. (NYSE: AMN) stock closed at $57.33 per share. AMN Healthcare Services (NYSE: AMN)’s 1-month return is -7.07%, with the company’s stock losing 31.31% of its value over the past 52 weeks. AMN Healthcare Services, Inc. (NYSE:AMN) has a market capitalization of $2.172 billion.
ClearBridge Small Cap Value Strategy says this about AMN Healthcare Services, Inc. (NYSE:AMN) in its Q4 2023 Investor Letter:
“Added AMN Healthcare Service Co., Ltd. (NYSE:AMN) provides medical staffing solutions and staffing services to hospitals and healthcare facilities. The Company believes that the Company’s current stock price reflects the normalization of demand for health care services, the relatively high age profile of existing health care providers, and the cyclical decline in staffing levels, particularly when compared to the Company’s exciting new services. We believe it is overvalued and therefore represents an attractive investment opportunity. Initiatives in areas such as language services. ”
Medical workers in scrubs busy in hospital.
AMN Healthcare Services, Inc. (NYSE:AMN) isn’t on our list of 30 most popular stocks among hedge funds. AMN Healthcare Services (NYSE:AMN)’s hedge fund portfolio had 27 holdings in its portfolio at the end of the fourth quarter, compared to 20 in the prior quarter, according to our database.
We have discussed AMN Healthcare Services, Inc. (NYSE:AMN) in another article and shared the list of mid-cap stocks with insider buying. Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q4 2023 page.
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Disclosure: None. This article was originally published on Insider Monkey.
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