AMN Healthcare Services (NYSE:AMN) Stock Price Down 3.9% - Here's What Happened

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report)'s stock price traded down 3.9% during trading on Monday . The company traded as low as $25.68 and last traded at $25.97. 220,545 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 848,908 shares. The stock had previously closed at $27.02.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets cut their target price on AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Truist Financial cut their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. William Blair cut shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Finally, JMP Securities reduced their price target on AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating on the stock in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $48.33.

AMN Healthcare Services Stock Down 5.7 %

The firm has a market capitalization of $970.13 million, a price-to-earnings ratio of 18.46 and a beta of 0.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The company's 50 day moving average price is $32.79 and its 200 day moving average price is $45.32.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $687.51 million during the quarter, compared to analysts' expectations of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same quarter in the previous year, the firm posted $1.97 EPS. As a group, research analysts forecast that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the company's stock in a transaction dated 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 $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.93% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Versor Investments LP acquired a new position in shares of AMN Healthcare Services in the third quarter worth about $818,000. Anthracite Investment Company Inc. acquired a new position in AMN Healthcare Services in the 3rd quarter worth about $1,696,000. New South Capital Management Inc. boosted its position in AMN Healthcare Services by 24.6% during the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company's stock worth $28,850,000 after purchasing an additional 111,302 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in 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. Finally, Thrivent Financial for Lutherans increased its position in shares of AMN Healthcare Services by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company's stock valued at $54,831,000 after buying an additional 30,157 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.

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