AMN Healthcare Services (NYSE:AMN) Cut to Market Perform at William Blair

William Blair lowered shares of AMN Healthcare Services (NYSE:AMN - Free Report) from an outperform rating to a market perform rating in a report released on Friday, MarketBeat Ratings reports.

Other equities research analysts also recently issued research reports about the company. JMP Securities lowered their price target on AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. StockNews.com cut AMN Healthcare Services from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Finally, Bank of America lowered AMN Healthcare Services from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $65.00 to $48.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $57.60.

AMN Healthcare Services Stock Down 29.0 %

Shares of AMN stock traded down $11.87 during mid-day trading on Friday, hitting $29.05. 5,469,814 shares of the stock traded hands, compared to its average volume of 815,126. AMN Healthcare Services has a 52-week low of $28.16 and a 52-week high of $80.22. The stock has a market cap of $1.10 billion, a P/E ratio of 11.22 and a beta of 0.13. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The stock's fifty day moving average is $42.13 and its two-hundred day moving average is $51.04.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analysts' expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. AMN Healthcare Services's revenue for the quarter was down 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.38 earnings per share. Equities analysts predict that AMN Healthcare Services will post 3.15 EPS for the current year.

Insider Activity

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the company's stock in a transaction that occurred on Saturday, November 2nd. The stock was 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 approximately $1,385,595. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.93% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of AMN Healthcare Services by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company's stock valued at $268,117,000 after buying an additional 37,676 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in AMN Healthcare Services in the 2nd quarter worth $99,349,000. Thrivent Financial for Lutherans raised its position in AMN Healthcare Services by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company's stock worth $54,831,000 after acquiring an additional 30,157 shares during the period. Swedbank AB purchased a new position in AMN Healthcare Services during the first quarter valued at $70,617,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company's stock valued at $46,499,000 after purchasing an additional 209,180 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

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.