Jefferies Financial Group Has Lowered Expectations for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its price objective lowered by Jefferies Financial Group from $41.00 to $27.00 in a research report released on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other research firms also recently weighed in on AMN. UBS Group reduced their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.33.

AMN Healthcare Services Price Performance

Shares of AMN Healthcare Services stock opened at $23.70 on Wednesday. The company has a market cap of $902.35 million, a PE ratio of 17.17 and a beta of 0.13. The business has a 50 day moving average of $39.51 and a 200 day moving average of $49.85. AMN Healthcare Services has a 52 week low of $23.37 and a 52 week high of $80.22. The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same period last year, the company posted $1.97 EPS. As a group, equities research analysts forecast that AMN Healthcare Services will post 3.1 earnings per share for the current year.

Insider Buying and Selling at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the sale, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versor Investments LP purchased a new position in shares of AMN Healthcare Services in the third quarter worth $818,000. Vaughan Nelson Investment Management L.P. purchased a new position in AMN Healthcare Services in the 2nd quarter worth about $45,481,000. New South Capital Management Inc. lifted its stake in AMN Healthcare Services by 24.6% during the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after acquiring an additional 111,302 shares during the period. Quadrature Capital Ltd lifted its stake in AMN Healthcare Services by 366.6% during the 1st quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock valued at $1,455,000 after acquiring an additional 18,264 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of AMN Healthcare Services in the first quarter worth approximately $878,000. 99.23% of the stock is owned by institutional investors.

About AMN Healthcare Services

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.