AMN Healthcare Services (NYSE:AMN) Sets New 12-Month Low at $39.43

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $39.43 and last traded at $40.34, with a volume of 65993 shares traded. The stock had previously closed at $42.39.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMN. BMO Capital Markets boosted their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a report on Monday, August 12th. JMP Securities reduced their price objective on shares of AMN Healthcare Services from $75.00 to $66.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 13th. UBS Group dropped their target price 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. Finally, StockNews.com cut shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of "Hold" and a consensus price target of $67.83.

AMN Healthcare Services Stock Performance

The business's fifty day moving average is $52.68 and its two-hundred day moving average is $55.15. The stock has a market capitalization of $1.57 billion, a PE ratio of 11.29 and a beta of 0.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company had revenue of $740.69 million during the quarter, compared to the consensus estimate of $740.43 million. During the same period last year, the company earned $2.38 earnings per share. AMN Healthcare Services's revenue was down 25.3% on a year-over-year basis. As a group, research analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds have recently added to or reduced their stakes in AMN. Truist Financial Corp grew its stake in shares of AMN Healthcare Services by 58.7% during the second quarter. Truist Financial Corp now owns 13,376 shares of the company's stock valued at $685,000 after buying an additional 4,949 shares during the last quarter. Algert Global LLC boosted its holdings in AMN Healthcare Services by 352.9% during the 2nd quarter. Algert Global LLC now owns 31,143 shares of the company's stock valued at $1,595,000 after acquiring an additional 24,266 shares during the period. Lighthouse Investment Partners LLC bought a new position in AMN Healthcare Services in the 2nd quarter valued at $925,000. The Manufacturers Life Insurance Company lifted its position in shares of AMN Healthcare Services by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 21,292 shares of the company's stock worth $1,091,000 after purchasing an additional 748 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of AMN Healthcare Services during the second quarter valued at $2,516,000. 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.