AMN Healthcare Services (NYSE:AMN) Trading Down 3.5% - Should You Sell?

Shares of AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) traded down 3.5% on Friday . The company traded as low as $40.88 and last traded at $40.92. 98,434 shares changed hands during trading, a decline of 88% from the average session volume of 799,769 shares. The stock had previously closed at $42.42.

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Wall Street Analyst Weigh In

AMN has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. StockNews.com cut shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. Benchmark restated a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. UBS Group dropped their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Finally, JMP Securities reissued a "market outperform" rating and set a $66.00 price target on shares of AMN Healthcare Services in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, AMN Healthcare Services has a consensus rating of "Hold" and a consensus price target of $65.00.

Read Our Latest Analysis on AMN

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AMN Healthcare Services Price Performance

The stock has a market capitalization of $1.56 billion, a P/E ratio of 11.03 and a beta of 0.11. The business's 50 day moving average price is $46.53 and its 200 day moving average price is $53.15. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. The business had revenue of $740.69 million during the quarter, compared to the consensus estimate of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm's revenue was down 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 EPS. Sell-side analysts forecast that AMN Healthcare Services, Inc. will post 3.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Vanguard Group Inc. lifted its stake in shares of AMN Healthcare Services by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company's stock worth $318,353,000 after purchasing an additional 30,513 shares during the period. Quadrature Capital Ltd bought a new position in AMN Healthcare Services in the fourth quarter worth approximately $373,000. CWM LLC boosted its stake in shares of AMN Healthcare Services by 2.1% during the 1st quarter. CWM LLC now owns 13,087 shares of the company's stock worth $818,000 after acquiring an additional 269 shares during the last quarter. NBC Securities Inc. grew its position in shares of AMN Healthcare Services by 25.2% during the 1st quarter. NBC Securities Inc. now owns 6,443 shares of the company's stock valued at $412,000 after acquiring an additional 1,296 shares during the period. Finally, Anderson Hoagland & Co. purchased a new stake in shares of AMN Healthcare Services in the 1st quarter worth $2,609,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

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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