Benchmark Reiterates Hold Rating for AMN Healthcare Services (NYSE:AMN)

Benchmark restated their hold rating on shares of AMN Healthcare Services (NYSE:AMN) in a research report report published on Wednesday morning, Benzinga reports.

Other research analysts also recently issued reports about the stock. BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an outperform rating in a research report on Monday, August 12th. UBS Group reduced their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a neutral rating for the company in a research report on Friday, August 9th. JMP Securities cut their price objective on shares of AMN Healthcare Services from $75.00 to $66.00 and set a market outperform rating for the company in a report on Tuesday, August 13th. Finally, StockNews.com downgraded shares of AMN Healthcare Services from a hold rating to a sell rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $67.83.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $38.32 on Wednesday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 10.30 and a beta of 0.11. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services has a twelve month low of $38.08 and a twelve month high of $87.68. The company’s fifty day moving average is $50.87 and its 200 day moving average is $54.56.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. During the same quarter in the prior year, the business posted $2.38 EPS. The firm’s revenue was down 25.3% compared to the same quarter last year. Sell-side analysts forecast that AMN Healthcare Services will post 3.26 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds have recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of AMN Healthcare Services during the second quarter valued at about $31,000. Nisa Investment Advisors LLC increased its position in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after buying an additional 219 shares during the period. Quarry LP increased its position in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after buying an additional 204 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of AMN Healthcare Services during the first quarter valued at about $58,000. Finally, GAMMA Investing LLC increased its position in shares of AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after buying an additional 811 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.