AMN Healthcare Services (NYSE:AMN) Trading 4.4% Higher – Still a Buy?

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) rose 4.4% during mid-day trading on Tuesday . The stock traded as high as $25.42 and last traded at $25.66. Approximately 256,847 shares changed hands during trading, a decline of 70% from the average daily volume of 866,511 shares. The stock had previously closed at $24.57.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.17.

AMN Healthcare Services Trading Up 2.6 %

The stock has a market capitalization of $962.74 million, a PE ratio of -6.55 and a beta of 0.07. The business’s 50-day moving average is $25.66 and its two-hundred day moving average is $33.55. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The firm had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. On average, analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares in the last quarter. Vanguard Group Inc. grew its holdings in AMN Healthcare Services by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock worth $106,082,000 after acquiring an additional 108,284 shares during the period. State Street Corp raised its position in AMN Healthcare Services by 1.1% in the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after acquiring an additional 16,075 shares in the last quarter. Thrivent Financial for Lutherans raised its position in AMN Healthcare Services by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock worth $54,831,000 after acquiring an additional 30,157 shares in the last quarter. Finally, Newtyn Management LLC acquired a new stake in AMN Healthcare Services in the fourth quarter valued at $28,417,000. Institutional investors and hedge funds 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.