AMN Healthcare Services (NYSE:AMN) Trading Down 6% - Should You Sell?

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) shares dropped 6% on Tuesday . The stock traded as low as $25.86 and last traded at $25.94. Approximately 163,857 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 623,014 shares. The stock had previously closed at $27.61.

Wall Street Analysts Forecast Growth

AMN has been the subject of several recent analyst reports. Bank of America lowered shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Truist Financial reduced their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. William Blair cut AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Finally, BMO Capital Markets reduced their price target 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $48.33.

AMN Healthcare Services Trading Down 5.5 %

The company has a market capitalization of $992.97 million, a price-to-earnings ratio of 18.90 and a beta of 0.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The business's 50-day moving average price is $26.28 and its two-hundred day moving average price is $40.85.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $687.51 million for the quarter, compared to analyst estimates 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 last year, the firm earned $1.97 EPS. Research analysts predict that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current year.

Insider Buying and Selling at AMN Healthcare Services

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in AMN Healthcare Services by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company's stock worth $543,000 after buying an additional 221 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of AMN Healthcare Services by 5.3% in the third quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company's stock worth $284,000 after acquiring an additional 337 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of AMN Healthcare Services by 14.1% in the third quarter. Park Avenue Securities LLC now owns 5,165 shares of the company's stock worth $219,000 after acquiring an additional 639 shares during the period. Quarry LP grew its position in shares of AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company's stock valued at $85,000 after purchasing an additional 654 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its holdings in AMN Healthcare Services by 19.1% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 4,370 shares of the company's stock worth $224,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 99.23% of the company's stock.

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.