AMN Healthcare Services (NYSE:AMN) Trading 4.4% Higher - Here's What Happened

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) shares rose 4.4% during mid-day trading on Tuesday . The company traded as high as $25.42 and last traded at $25.66. Approximately 256,847 shares were traded during trading, a decline of 70% from the average daily volume of 866,511 shares. The stock had previously closed at $24.57.

Analysts Set New Price Targets

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

AMN Healthcare Services Stock Performance

The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. The firm has a market capitalization of $977.22 million, a PE ratio of -6.73 and a beta of 0.07. The company's fifty day simple moving average is $25.76 and its 200 day simple moving average is $33.31.

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

Institutional Trading of AMN Healthcare Services

A number of hedge funds and other institutional investors have recently made changes to their positions in AMN. Versor Investments LP bought a new position in shares of AMN Healthcare Services in the third quarter valued at approximately $818,000. Anthracite Investment Company Inc. purchased a new stake in shares of AMN Healthcare Services in the third quarter worth $1,696,000. Harbor Capital Advisors Inc. raised its holdings in shares of AMN Healthcare Services by 285.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company's stock valued at $1,901,000 after acquiring an additional 58,830 shares in the last quarter. Equitable Trust Co. boosted its position in shares of AMN Healthcare Services by 125.4% during the 4th quarter. Equitable Trust Co. now owns 21,526 shares of the company's stock valued at $515,000 after acquiring an additional 11,974 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its holdings in shares of AMN Healthcare Services by 381.8% during the fourth quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company's stock worth $7,095,000 after purchasing an additional 235,067 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.