AMN Healthcare Services (NYSE:AMN) Shares Up 4.4% – Here’s Why

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price was up 4.4% during trading on Tuesday . The company traded as high as $25.42 and last traded at $25.66. Approximately 256,847 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 866,511 shares. The stock had previously closed at $24.57.

Wall Street Analyst Weigh In

Several research firms have commented on AMN. Jefferies Financial Group decreased 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 research report on Wednesday, November 13th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, Truist Financial lowered their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Price Performance

The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. The stock has a fifty day simple moving average of $25.66 and a 200-day simple moving average of $33.55. The company has a market capitalization of $962.74 million, a price-to-earnings ratio of -6.55 and a beta of 0.07.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly 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. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The company had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. On average, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several large investors have recently bought and sold shares of AMN. Jones Financial Companies Lllp lifted 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 valued at $36,000 after purchasing an additional 377 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of AMN Healthcare Services by 5.6% in the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company’s stock worth $257,000 after buying an additional 566 shares in the last quarter. Quarry LP boosted its position in AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after acquiring an additional 654 shares during the last quarter. Truvestments Capital LLC purchased a new stake in AMN Healthcare Services during the 3rd quarter valued at about $30,000. Finally, Blue Trust Inc. grew 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 valued at $57,000 after buying an additional 754 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other 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.