AMN Healthcare Services (NYSE:AMN) Reaches New 52-Week Low – What’s Next?

AMN Healthcare Services, Inc. (NYSE:AMN) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $23.26 and last traded at $23.48, with a volume of 692699 shares traded. The stock had previously closed at $24.47.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Truist Financial reduced their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JMP Securities dropped their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Finally, Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. 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’s stock. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and an average target price of $48.33.

AMN Healthcare Services Stock Down 0.0 %

The business’s 50 day moving average is $31.61 and its 200 day moving average is $44.59. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $873.42 million, a price-to-earnings ratio of 16.62 and a beta of 0.04.

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

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds have recently bought and sold shares of AMN. FMR LLC lifted its position in shares of AMN Healthcare Services by 152.4% in the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after buying an additional 2,801,663 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in AMN Healthcare Services in the 2nd quarter worth approximately $99,349,000. State Street Corp boosted its position in AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after purchasing an additional 16,075 shares during the period. Thrivent Financial for Lutherans grew its holdings in AMN Healthcare Services by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after purchasing an additional 30,157 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock valued at $46,499,000 after purchasing an additional 209,180 shares during the period. 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.