AMN Healthcare Services (NYSE:AMN) Trading 6.9% Higher Following Strong Earnings

AMN Healthcare Services, Inc. (NYSE:AMN) traded up 6.9% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $25.57 and last traded at $25.48. 164,030 shares were traded during trading, a decline of 79% from the average session volume of 782,323 shares. The stock had previously closed at $23.84.

The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 14.49%.

Analysts Set New Price Targets

Several research firms have weighed in on AMN. Jefferies Financial Group lowered their target price on shares of 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. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. BMO Capital Markets cut their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, Truist Financial reduced 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and an average price target of $43.33.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Public Employees Retirement System of Ohio purchased a new position in shares of AMN Healthcare Services during the fourth quarter valued at $1,609,000. PharVision Advisers LLC acquired a new position in AMN Healthcare Services in the 4th quarter valued at approximately $570,000. White Knight Strategic Wealth Advisors LLC lifted its position in AMN Healthcare Services by 60.9% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 25,650 shares of the company’s stock worth $614,000 after buying an additional 9,710 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of AMN Healthcare Services during the 4th quarter valued at $12,685,000. Finally, Squarepoint Ops LLC acquired a new position in shares of AMN Healthcare Services in the fourth quarter worth $238,000. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Trading Up 6.4 %

The firm has a market capitalization of $1.05 billion, a PE ratio of -7.14 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The company has a fifty day moving average of $25.40 and a 200-day moving average of $35.15.

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.