AMN Healthcare Services, Inc. (NYSE:AMN) Short Interest Update

AMN Healthcare Services, Inc. (NYSE:AMN) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 5,460,000 shares, an increase of 7.5% from the June 15th total of 5,080,000 shares. Approximately 14.5% of the shares of the stock are short sold. Based on an average trading volume of 769,500 shares, the short-interest ratio is presently 7.1 days.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of research analyst reports. Truist Financial decreased their target price 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. BMO Capital Markets decreased their target price on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $75.00 target price on shares of AMN Healthcare Services in a research report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and an average price target of $75.57.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently modified their holdings of AMN. Boston Partners raised its holdings in shares of AMN Healthcare Services by 102.7% in 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 during the period. Swedbank AB bought a new position in AMN Healthcare Services in the first quarter worth approximately $70,617,000. Pacer Advisors Inc. grew its stake in AMN Healthcare Services by 145.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after purchasing an additional 828,390 shares in the last quarter. WCM Investment Management LLC grew its stake in AMN Healthcare Services by 107.8% in the first quarter. WCM Investment Management LLC now owns 764,997 shares of the company’s stock worth $47,820,000 after purchasing an additional 396,805 shares in the last quarter. Finally, Norges Bank bought a new position in AMN Healthcare Services in the fourth quarter worth approximately $19,864,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Trading Down 2.2 %

AMN stock traded down $1.24 during midday trading on Thursday, reaching $55.78. 495,345 shares of the company traded hands, compared to its average volume of 783,146. AMN Healthcare Services has a 52-week low of $46.74 and a 52-week high of $112.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27. The business has a 50 day moving average of $53.99 and a 200-day moving average of $61.26. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.34 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The business had revenue of $820.90 million for the quarter, compared to the consensus estimate of $816.54 million. During the same period in the prior year, the business posted $2.49 earnings per share. The company’s quarterly revenue was down 27.1% compared to the same quarter last year. As a group, sell-side analysts expect that AMN Healthcare Services will post 3.15 earnings per share for the current fiscal year.

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.