AMN Healthcare Services (NYSE:AMN) Stock Price Down 4.9% – Here’s What Happened

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price traded down 4.9% on Monday . The company traded as low as $26.33 and last traded at $25.43. 12,407 shares were traded during mid-day trading, a decline of 99% from the average session volume of 861,189 shares. The stock had previously closed at $26.74.

Wall Street Analysts Forecast Growth

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

AMN Healthcare Services Stock Down 6.2 %

The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $957.78 million, a P/E ratio of -6.52 and a beta of 0.15. The firm’s 50 day moving average price is $25.99 and its two-hundred day moving average price is $31.90.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. Equities research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in AMN Healthcare Services during the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its holdings in shares of AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after buying an additional 377 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of AMN Healthcare Services by 368.2% during the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after buying an additional 1,274 shares in the last quarter. Blue Trust Inc. boosted its position in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after acquiring an additional 754 shares during the period. Finally, KBC Group NV grew its stake in shares of AMN Healthcare Services by 110.9% in the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after acquiring an additional 1,303 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.