AMN Healthcare Services, Inc. (NYSE:AMN) Sees Large Drop in Short Interest

AMN Healthcare Services, Inc. (NYSE:AMN) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 4,070,000 shares, a decrease of 7.1% from the November 15th total of 4,380,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 10.8% of the shares of the company are sold short.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares in the company, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.93% of the stock is owned by insiders.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in shares of AMN Healthcare Services during the third quarter valued at about $30,000. Nisa Investment Advisors LLC raised its stake in AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares during the period. Farther Finance Advisors LLC boosted its holdings in AMN Healthcare Services by 455.0% in the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after acquiring an additional 1,224 shares in the last quarter. Innealta Capital LLC acquired a new stake in AMN Healthcare Services in the second quarter valued at approximately $65,000. Finally, Quarry LP increased its holdings in shares of AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after acquiring an additional 654 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Truist Financial reduced their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. JMP Securities decreased their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 22nd. Finally, Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.33.

AMN Healthcare Services Trading Down 3.9 %

NYSE:AMN opened at $24.48 on Wednesday. The firm has a market cap of $932.05 million, a P/E ratio of 18.18 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. AMN Healthcare Services has a 52 week low of $23.37 and a 52 week high of $80.22. The firm’s fifty day moving average is $32.53 and its 200-day moving average is $45.11.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The company had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same period in the previous year, the business earned $1.97 EPS. Equities analysts expect that AMN Healthcare Services will post 3.07 earnings per share for the current year.

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.