AMN Healthcare Services (NYSE:AMN) Hits New 1-Year Low at $39.43

AMN Healthcare Services, Inc. (NYSE:AMN)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $39.43 and last traded at $40.34, with a volume of 65993 shares traded. The stock had previously closed at $42.39.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMN shares. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. UBS Group dropped their price target on 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. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, JMP Securities lowered their price objective on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.83.

AMN Healthcare Services Stock Down 5.8 %

The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.29 and a beta of 0.12. The business has a fifty day moving average of $52.68 and a 200 day moving average of $55.15.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $740.43 million. During the same quarter last year, the firm posted $2.38 earnings per share. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. As a group, equities analysts predict that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds have recently added to or reduced their stakes in AMN. Truist Financial Corp raised its holdings in AMN Healthcare Services by 58.7% in the second quarter. Truist Financial Corp now owns 13,376 shares of the company’s stock valued at $685,000 after acquiring an additional 4,949 shares in the last quarter. Algert Global LLC raised its holdings in shares of AMN Healthcare Services by 352.9% in the 2nd quarter. Algert Global LLC now owns 31,143 shares of the company’s stock valued at $1,595,000 after purchasing an additional 24,266 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter worth $925,000. The Manufacturers Life Insurance Company lifted its position in shares of AMN Healthcare Services by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,292 shares of the company’s stock worth $1,091,000 after purchasing an additional 748 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of AMN Healthcare Services during the second quarter worth $2,516,000. 99.23% of the stock is currently 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.