StockNews.com Downgrades AMN Healthcare Services (NYSE:AMN) to Sell

StockNews.com lowered shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a sell rating in a report issued on Wednesday morning.

Several other brokerages also recently weighed in on AMN. JMP Securities reissued a market outperform rating and set a $75.00 price target on shares of AMN Healthcare Services in a research report on Friday, May 10th. Benchmark reissued a hold rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. BMO Capital Markets decreased their price target 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. Truist Financial dropped their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Finally, Bank of America lifted their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the stock a neutral rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $75.57.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $63.81 on Wednesday. The company has a market capitalization of $2.42 billion, a P/E ratio of 17.15 and a beta of 0.12. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27. AMN Healthcare Services has a 52-week low of $46.74 and a 52-week high of $103.89. The company has a fifty day moving average of $54.96 and a 200-day moving average of $60.10.

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

Institutional Trading of AMN Healthcare Services

Several hedge funds have recently bought and sold shares of AMN. FourThought Financial Partners LLC lifted its position in shares of AMN Healthcare Services by 3.7% during the 4th quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock valued at $296,000 after buying an additional 139 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after acquiring an additional 147 shares during the period. CWM LLC lifted its holdings in AMN Healthcare Services by 1.2% during the fourth quarter. CWM LLC now owns 12,818 shares of the company’s stock valued at $960,000 after purchasing an additional 155 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of AMN Healthcare Services by 2.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 6,623 shares of the company’s stock worth $496,000 after purchasing an additional 155 shares during the period. Finally, Quarry LP increased its stake in shares of AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares in the last quarter. 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.