AMN Healthcare Services (NYSE:AMN) Shares Down 4.5% – Time to Sell?

AMN Healthcare Services, Inc. (NYSE:AMN)’s stock price dropped 4.5% during trading on Tuesday . The company traded as low as $25.94 and last traded at $25.94. Approximately 15,872 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 849,398 shares. The stock had previously closed at $27.16.

Analyst Ratings Changes

Several research firms have weighed in on AMN. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Truist Financial lowered their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group lowered their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Trading Up 0.1 %

The business has a 50-day moving average of $36.80 and a two-hundred day moving average of $48.13. 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 firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 19.06 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same quarter in the previous year, the firm posted $1.97 EPS. Research analysts predict that AMN Healthcare Services, Inc. will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction on Saturday, November 2nd. The shares were 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 approximately $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares in the last quarter. Arizona State Retirement System raised its position in AMN Healthcare Services by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock valued at $543,000 after purchasing an additional 221 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in AMN Healthcare Services by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock worth $345,000 after purchasing an additional 252 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of AMN Healthcare Services by 4.1% during the second quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock worth $360,000 after purchasing an additional 278 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of AMN Healthcare Services by 5.3% in the third quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock valued at $284,000 after buying an additional 337 shares in the last quarter. 99.23% of the stock is 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.