Short Interest in AMN Healthcare Services, Inc. (NYSE:AMN) Increases By 9.3%

AMN Healthcare Services, Inc. (NYSE:AMN) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 5,070,000 shares, a growth of 9.3% from the August 15th total of 4,640,000 shares. Approximately 13.4% of the shares of the stock are short sold. Based on an average trading volume of 784,200 shares, the short-interest ratio is presently 6.5 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets increased their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. UBS Group lowered their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, JMP Securities reduced their target price on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 13th. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $67.83.

Institutional Trading of AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP raised its position in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares in the last quarter. Arizona State Retirement System lifted its position in AMN Healthcare Services by 2.1% during the second quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock valued at $543,000 after buying an additional 221 shares during the period. Pitcairn Co. boosted its holdings in shares of AMN Healthcare Services by 4.2% during the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock valued at $384,000 after buying an additional 249 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of AMN Healthcare Services by 3.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock worth $345,000 after buying an additional 252 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Trading Up 1.6 %

Shares of AMN Healthcare Services stock traded up $0.74 during trading on Wednesday, reaching $46.82. 961,042 shares of the stock were exchanged, compared to its average volume of 775,698. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 12.59 and a beta of 0.12. AMN Healthcare Services has a 1 year low of $42.23 and a 1 year high of $89.21. The stock’s fifty day moving average is $54.44 and its 200 day moving average is $56.11.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data 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 return on equity of 23.68% and a net margin of 3.07%. The firm had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. During the same period last year, the company earned $2.38 EPS. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. As a group, equities research analysts expect that AMN Healthcare Services will post 3.26 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.