AMN Healthcare Services (NYSE:AMN) Shares Up 4.3%

AMN Healthcare Services, Inc. (NYSE:AMN) rose 4.3% during mid-day trading on Tuesday . The stock traded as high as $67.14 and last traded at $67.13. Approximately 35,291 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 775,438 shares. The stock had previously closed at $64.37.

Wall Street Analyst Weigh In

AMN has been the topic of a number of research analyst reports. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America increased their price target on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. BMO Capital Markets dropped their price objective on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $75.00 price target on shares of AMN Healthcare Services in a research note on Friday, May 10th. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $75.57.

AMN Healthcare Services Trading Down 1.2 %

The company’s 50 day simple moving average is $54.61 and its 200-day simple moving average is $60.25. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.49. The firm has a market cap of $2.54 billion, a P/E ratio of 17.95 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The business had revenue of $820.90 million for the quarter, compared to analyst estimates of $816.54 million. During the same period in the previous year, the company earned $2.49 earnings per share. The business’s revenue for the quarter was down 27.1% on a year-over-year basis. As a group, research analysts predict that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMN. Boston Partners grew its position in shares of AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after buying an additional 1,461,541 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of AMN Healthcare Services by 12.2% during the fourth quarter. Bridgewater Associates LP now owns 241,047 shares of the company’s stock worth $18,050,000 after purchasing an additional 26,300 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of AMN Healthcare Services during the fourth quarter worth approximately $1,006,000. UBS Group AG raised its position in AMN Healthcare Services by 79.7% in the fourth quarter. UBS Group AG now owns 114,500 shares of the company’s stock worth $8,574,000 after acquiring an additional 50,775 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in AMN Healthcare Services by 20.2% in the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after acquiring an additional 44,740 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.