AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report)'s share price was down 7% on Monday after BMO Capital Markets lowered their price target on the stock from $50.00 to $46.00. BMO Capital Markets currently has an outperform rating on the stock. AMN Healthcare Services traded as low as $26.77 and last traded at $27.03. Approximately 797,031 shares traded hands during trading, a decline of 2% from the average daily volume of 814,452 shares. The stock had previously closed at $29.05.
Several other research firms also recently commented on AMN. StockNews.com downgraded shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. UBS Group cut their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Truist Financial decreased their target price on AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday. William Blair cut AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday. Finally, Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.60.
Check Out Our Latest Stock Analysis on AMN Healthcare Services
Insider Buying and Selling at AMN Healthcare Services
In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the company's stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.93% of the company's stock.
Hedge Funds Weigh In On AMN Healthcare Services
A number of institutional investors and hedge funds have recently bought and sold shares of AMN. Nisa Investment Advisors LLC grew its position in shares of AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock valued at $38,000 after buying an additional 219 shares during the last quarter. Arizona State Retirement System raised its holdings in AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company's stock worth $543,000 after purchasing an additional 221 shares during the last quarter. Pitcairn Co. boosted its stake in shares of AMN Healthcare Services by 4.2% in the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company's stock valued at $384,000 after purchasing an additional 249 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of AMN Healthcare Services by 3.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company's stock worth $345,000 after buying an additional 252 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in AMN Healthcare Services by 4.1% during the second quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company's stock valued at $360,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.
AMN Healthcare Services Trading Down 4.3 %
The company has a market cap of $1.06 billion, a P/E ratio of 20.15 and a beta of 0.13. The firm has a 50-day moving average of $42.13 and a 200 day moving average of $50.96. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.35%. The company had revenue of $687.51 million for the quarter, compared to analysts' expectations of $670.08 million. During the same quarter in the prior year, the firm earned $1.97 EPS. On average, analysts predict that AMN Healthcare Services, Inc. will post 3.13 earnings per share for the current fiscal year.
AMN Healthcare Services Company Profile
(
Get Free Report)
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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