AMN Healthcare Services (NYSE:AMN) Trading Down 8% - Should You Sell?

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report)'s stock price fell 8% during trading on Friday . The stock traded as low as $24.49 and last traded at $24.45. 307,650 shares traded hands during trading, a decline of 67% from the average session volume of 924,427 shares. The stock had previously closed at $26.57.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMN shares. William Blair cut shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research note on Friday, November 8th. JMP Securities reiterated a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Truist Financial decreased their price target on shares of AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Jefferies Financial Group dropped their price target on AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $41.17.

AMN Healthcare Services Stock Up 2.6 %

The firm has a market capitalization of $962.74 million, a P/E ratio of -6.55 and a beta of 0.07. The firm's 50 day moving average is $25.66 and its two-hundred day moving average is $33.55. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The business had revenue of $734.71 million during the quarter, compared to analysts' expectations of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. Research analysts predict that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds have recently modified their holdings of AMN. Jones Financial Companies Lllp grew its holdings in AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after purchasing an additional 377 shares during the period. Cresset Asset Management LLC grew its holdings in AMN Healthcare Services by 5.6% during the 4th quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock valued at $257,000 after buying an additional 566 shares in the last quarter. Quarry LP grew its position in AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company's stock worth $85,000 after buying an additional 654 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services during the third quarter valued at about $30,000. Finally, Blue Trust Inc. grew its holdings in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock worth $57,000 after purchasing an additional 754 shares during the last quarter. Institutional investors and hedge funds 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.