AMN Healthcare Services, Inc. (NYSE:AMN) Sees Significant Decrease in Short Interest

AMN Healthcare Services, Inc. (NYSE:AMN) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,070,000 shares, a decline of 7.1% from the November 15th total of 4,380,000 shares. Approximately 10.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 3.8 days.

Insiders Place Their Bets

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares during the period. Pacer Advisors Inc. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $99,349,000. Thrivent Financial for Lutherans boosted its position in shares of AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after buying an additional 1,230,543 shares during the period. American Century Companies Inc. boosted its position in AMN Healthcare Services by 95.3% during the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock worth $39,710,000 after acquiring an additional 378,266 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in AMN Healthcare Services by 54.5% during the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock worth $32,768,000 after purchasing an additional 272,552 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Down 3.9 %

NYSE AMN opened at $24.48 on Wednesday. The stock’s 50 day simple moving average is $32.53 and its 200 day simple moving average is $45.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $932.05 million, a PE ratio of 18.18 and a beta of 0.04. AMN Healthcare Services has a one year low of $23.37 and a one year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $1.97 earnings per share. As a group, sell-side analysts forecast that AMN Healthcare Services will post 3.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMN shares. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. BMO Capital Markets cut their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Jefferies Financial Group reduced their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and an average target price of $48.33.

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.