AMN Healthcare Services (NYSE:AMN) Trading Down 4.9% – Here’s What Happened

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price dropped 4.9% during trading on Monday . The stock traded as low as $26.33 and last traded at $25.43. Approximately 12,407 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 861,189 shares. The stock had previously closed at $26.74.

Wall Street Analysts Forecast Growth

AMN has been the topic of several recent research reports. Truist Financial decreased their price objective on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday. Finally, JMP Securities reissued a “market outperform” rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Two 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Stock Performance

The stock’s 50-day moving average is $25.95 and its 200-day moving average is $31.50. The stock has a market cap of $954.76 million, a price-to-earnings ratio of -6.49 and a beta of 0.15. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The firm had revenue of $734.71 million during the quarter, compared to the consensus estimate 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 expect that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in AMN Healthcare Services in the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its holdings in AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after acquiring an additional 377 shares during the period. LRI Investments LLC boosted its holdings in AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after acquiring an additional 1,274 shares during the period. Quarry LP boosted its holdings in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after acquiring an additional 654 shares during the period. Finally, Blue Trust Inc. boosted its holdings in AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after acquiring an additional 754 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.