AMN Healthcare Services, Inc. (NYSE:AMN) Sees Significant Decline in Short Interest

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,200,000 shares, a decrease of 18.6% from the October 15th total of 5,160,000 shares. Currently, 11.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 896,100 shares, the short-interest ratio is presently 4.7 days.

Insider Buying and Selling

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the business's stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds have recently added to or reduced their stakes in AMN. Nisa Investment Advisors LLC increased its holdings in AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock valued at $38,000 after buying an additional 219 shares during the period. Arizona State Retirement System increased its holdings in AMN Healthcare Services by 2.1% during the second quarter. Arizona State Retirement System now owns 10,606 shares of the company's stock valued at $543,000 after buying an additional 221 shares during the period. Pitcairn Co. increased its holdings in AMN Healthcare Services by 4.2% during the first quarter. Pitcairn Co. now owns 6,138 shares of the company's stock valued at $384,000 after buying an additional 249 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in AMN Healthcare Services by 3.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company's stock valued at $345,000 after buying an additional 252 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in AMN Healthcare Services by 4.1% during the second quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company's stock valued at $360,000 after buying an additional 278 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Trading Down 0.7 %

AMN stock traded down $0.17 during mid-day trading on Friday, reaching $23.70. The company had a trading volume of 1,391,336 shares, compared to its average volume of 1,239,166. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.23. The company has a market capitalization of $902.26 million, a PE ratio of 17.17 and a beta of 0.13. The firm has a 50 day moving average of $39.51 and a 200 day moving average of $49.85. AMN Healthcare Services has a 12 month low of $23.37 and a 12 month high of $80.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period in the prior year, the firm earned $1.97 EPS. On average, equities analysts predict that AMN Healthcare Services will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America cut shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. BMO Capital Markets decreased their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Jefferies Financial Group reduced their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, William Blair lowered shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has an average rating of "Hold" and a consensus target price of $48.33.

About AMN Healthcare Services

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.