AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) reached a new 52-week low during mid-day trading on Thursday after Jefferies Financial Group lowered their price target on the stock from $41.00 to $27.00. Jefferies Financial Group currently has a hold rating on the stock. AMN Healthcare Services traded as low as $23.79 and last traded at $23.82, with a volume of 44854 shares traded. The stock had previously closed at $24.60.
AMN has been the subject of a number of other reports. Bank of America downgraded shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. BMO Capital Markets reduced their price objective on shares of AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Monday. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. William Blair downgraded shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Finally, JMP Securities reduced their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $48.33.
Check Out Our Latest Stock Report on AMN
Insiders Place Their Bets
In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the business's stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the transaction, the chief financial officer now directly owns 37,550 shares of the company's stock, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.93% of the company's stock.
Institutional Investors Weigh In On AMN Healthcare Services
Several institutional investors have recently modified their holdings of AMN. FMR LLC grew its position in shares of AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company's stock worth $196,715,000 after buying an additional 2,801,663 shares during the period. Pacer Advisors Inc. acquired a new position in AMN Healthcare Services during the second quarter valued at approximately $99,349,000. Thrivent Financial for Lutherans grew its holdings in AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company's stock valued at $64,721,000 after purchasing an additional 1,230,543 shares during the period. Swedbank AB acquired a new position in AMN Healthcare Services during the first quarter valued at approximately $70,617,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in AMN Healthcare Services during the second quarter valued at approximately $45,481,000. Institutional investors and hedge funds own 99.23% of the company's stock.
AMN Healthcare Services Stock Performance
The stock has a market cap of $908.35 million, a price-to-earnings ratio of 17.16 and a beta of 0.13. The stock's fifty day moving average is $40.52 and its 200-day moving average is $50.36. The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $687.51 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned $1.97 earnings per share. On average, analysts forecast that AMN Healthcare Services, Inc. will post 3.11 EPS for the current year.
About AMN Healthcare Services
(
Get Free Report)
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.
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