AMN Healthcare Services (NYSE:AMN) Trading Down 4.9% - Time to Sell?

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) traded down 4.9% during trading on Monday . The stock traded as low as $26.33 and last traded at $25.43. 12,407 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 861,189 shares. The stock had previously closed at $26.74.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial lowered their target price on AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, February 21st. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. StockNews.com cut shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a report on Monday. Finally, JMP Securities restated a "market outperform" rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.17.

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AMN Healthcare Services Stock Performance

The firm has a market capitalization of $920.05 million, a P/E ratio of -6.26 and a beta of 0.15. 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 50-day moving average price of $25.87 and a two-hundred day moving average price of $31.40.

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 (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.23. The company had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. On average, analysts forecast that AMN Healthcare Services, Inc. will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds have recently made changes to their positions in the company. FMR LLC boosted its position in AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company's stock worth $196,715,000 after purchasing an additional 2,801,663 shares in the last quarter. Vanguard Group Inc. boosted its holdings in AMN Healthcare Services by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company's stock worth $106,082,000 after buying an additional 108,284 shares during the last quarter. State Street Corp increased its position in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company's stock worth $64,451,000 after purchasing an additional 16,075 shares in the last quarter. Newtyn Management LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $28,417,000. Finally, WCM Investment Management LLC lifted its stake in AMN Healthcare Services by 98.8% in the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock worth $26,367,000 after purchasing an additional 550,427 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.