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

StockNews.com lowered shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a sell rating in a research note released on Monday.

Other research analysts also recently issued research reports about the company. BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Finally, Truist Financial dropped their price target on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Price Performance

Shares of AMN opened at $24.55 on Monday. The firm has a fifty day moving average price of $25.91 and a 200 day moving average price of $31.45. The stock has a market cap of $937.35 million, a PE ratio of -6.38 and a beta of 0.15. AMN Healthcare Services has a 1-year low of $22.47 and a 1-year high of $70.07. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The business had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. As a group, sell-side analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in AMN Healthcare Services in the third quarter worth about $30,000. Jones Financial Companies Lllp grew its position in shares of AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after acquiring an additional 377 shares in the last quarter. LRI Investments LLC raised its position in shares of AMN Healthcare Services by 368.2% during the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after acquiring an additional 1,274 shares in the last quarter. Quarry LP boosted its holdings in AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after purchasing an additional 654 shares during the period. Finally, Blue Trust Inc. increased its stake in AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.