AMN Healthcare Services, Inc. (NYSE:AMN – Get Free Report) shares dropped 10.6% on Friday after UBS Group lowered their price target on the stock from $66.00 to $65.00. UBS Group currently has a neutral rating on the stock. AMN Healthcare Services traded as low as $54.44 and last traded at $55.60. Approximately 253,634 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 781,882 shares. The stock had previously closed at $62.21.
AMN has been the subject of several other research reports. JMP Securities reissued a “market outperform” rating and issued a $75.00 target price on shares of AMN Healthcare Services in a research note on Friday, May 10th. Bank of America upped their price objective on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. BMO Capital Markets cut their price objective on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, Truist Financial decreased their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.33.
Institutional Trading of AMN Healthcare Services
Several institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in AMN Healthcare Services in the 4th quarter worth $26,520,000. Peregrine Capital Management LLC raised its holdings in AMN Healthcare Services by 1.9% during the fourth quarter. Peregrine Capital Management LLC now owns 83,533 shares of the company’s stock worth $6,255,000 after purchasing an additional 1,595 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of AMN Healthcare Services by 8.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 54,486 shares of the company’s stock valued at $4,080,000 after buying an additional 4,387 shares in the last quarter. WCM Investment Management LLC increased its position in AMN Healthcare Services by 86.9% during the fourth quarter. WCM Investment Management LLC now owns 368,192 shares of the company’s stock worth $27,659,000 after buying an additional 171,217 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in AMN Healthcare Services in the fourth quarter valued at approximately $1,415,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
AMN Healthcare Services Stock Performance
The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.56 and a beta of 0.12. The company has a 50-day moving average of $55.47 and a 200-day moving average of $59.86. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.23. The company had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 earnings per share. On average, equities research analysts forecast that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current fiscal year.
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.