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

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets reduced their target price on 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. Truist Financial reduced their target price on 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. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday. Finally, JMP Securities restated a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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 company has a 50-day simple moving average of $25.95 and a two-hundred day simple moving average of $31.50. The stock has a market capitalization of $954.76 million, a price-to-earnings ratio of -6.49 and a beta of 0.15.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. On average, equities research analysts predict that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in AMN Healthcare Services in the third quarter worth $30,000. Jones Financial Companies Lllp increased its holdings in shares of AMN Healthcare Services by 33.4% during the fourth 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 during the period. LRI Investments LLC increased its holdings in shares of AMN Healthcare Services by 368.2% during the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after purchasing an additional 1,274 shares during the period. Quarry LP increased its holdings in shares of AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after purchasing an additional 654 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

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.