AMN Healthcare Services (NYSE:AMN) Trading Down 12.9% – Should You Sell?

Shares of AMN Healthcare Services Inc (NYSE:AMN) were down 12.9% on Thursday . The company traded as low as $17.28 and last traded at $17.0190. Approximately 1,561,815 shares were traded during trading, an increase of 19% from the average daily volume of 1,307,733 shares. The stock had previously closed at $19.54.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Friday, December 19th. JPMorgan Chase & Co. set a $25.00 target price on shares of AMN Healthcare Services in a research note on Thursday, January 15th. BMO Capital Markets raised their price target on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.36.

AMN Healthcare Services Stock Down 16.6%

The firm has a market capitalization of $625.62 million, a price-to-earnings ratio of -2.27 and a beta of 0.22. The firm has a fifty day moving average price of $17.69 and a 200 day moving average price of $18.42. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC increased its position in AMN Healthcare Services by 238.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after acquiring an additional 1,207 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of AMN Healthcare Services by 200.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after buying an additional 2,000 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of AMN Healthcare Services during the third quarter valued at $63,000. Tower Research Capital LLC TRC boosted its holdings in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Covestor Ltd increased its position in AMN Healthcare Services by 13.9% in the third quarter. Covestor Ltd now owns 4,747 shares of the company’s stock worth $92,000 after purchasing an additional 579 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.