AMN Healthcare Services (NYSE:AMN) Shares Down 5.4%

AMN Healthcare Services, Inc. (NYSE:AMN) shares were down 5.4% on Monday . The stock traded as low as $44.44 and last traded at $44.61. Approximately 355,200 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 773,868 shares. The stock had previously closed at $47.14.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMN shares. BMO Capital Markets lifted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. UBS Group cut their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, JMP Securities dropped their target price on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and a consensus price target of $67.83.

AMN Healthcare Services Trading Up 1.6 %

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average of $54.43 and a 200 day moving average of $56.05. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.59 and a beta of 0.12.

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, beating analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company’s revenue was down 25.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.38 earnings per share. As a group, equities analysts predict that AMN Healthcare Services, Inc. will post 3.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMN. Mather Group LLC. acquired a new stake in AMN Healthcare Services in the second quarter worth approximately $31,000. Nisa Investment Advisors LLC raised its stake in shares of AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares in the last quarter. Quarry LP raised its stake 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 buying an additional 204 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at $49,000. Finally, Geneos Wealth Management Inc. bought a new position in AMN Healthcare Services during the first quarter valued at about $58,000. 99.23% of the stock is currently owned by institutional investors.

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.