AMN Healthcare Services (NYSE:AMN) Stock Price Down 5.4%

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

Analyst Ratings Changes

AMN has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities cut their price objective 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. UBS Group reduced their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, BMO Capital Markets upped 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.83.

AMN Healthcare Services Stock Down 2.3 %

The firm has a market cap of $1.75 billion, a P/E ratio of 12.67 and a beta of 0.12. The firm’s 50 day moving average is $54.54 and its two-hundred day moving average is $56.26. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.

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 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 for the quarter, compared to analyst estimates of $740.43 million. During the same period last year, the business posted $2.38 earnings per share. The business’s revenue for the quarter was down 25.3% compared to the same quarter last year. As a group, research analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors have recently modified their holdings of AMN. Truist Financial Corp increased its position in shares of AMN Healthcare Services by 58.7% during the second quarter. Truist Financial Corp now owns 13,376 shares of the company’s stock worth $685,000 after acquiring an additional 4,949 shares in the last quarter. Algert Global LLC boosted its stake in AMN Healthcare Services by 352.9% in the 2nd quarter. Algert Global LLC now owns 31,143 shares of the company’s stock worth $1,595,000 after purchasing an additional 24,266 shares during the period. Lighthouse Investment Partners LLC bought a new position in AMN Healthcare Services during the 2nd quarter worth about $925,000. The Manufacturers Life Insurance Company increased its holdings in 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 in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $2,516,000. Institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

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.