AMN Healthcare Services (NYSE:AMN) Downgraded by StockNews.com

StockNews.com lowered shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a sell rating in a report released on Wednesday.

A number of other equities research analysts have also weighed in on AMN. Benchmark reaffirmed a hold rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Truist Financial cut their target price on shares of 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 dropped their price objective on shares of AMN Healthcare Services from $80.00 to $71.00 and set an outperform rating on the stock in a research note on Monday, May 13th. JMP Securities reissued a market outperform rating and issued a $75.00 price objective on shares of AMN Healthcare Services in a research note on Friday, May 10th. Finally, Bank of America increased their target price on AMN Healthcare Services from $61.00 to $65.00 and gave the company a neutral rating in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $75.57.

AMN Healthcare Services Stock Down 4.6 %

Shares of NYSE:AMN opened at $63.81 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50 day simple moving average of $54.96 and a two-hundred day simple moving average of $60.21. AMN Healthcare Services has a 1 year low of $46.74 and a 1 year high of $103.89. The firm has a market capitalization of $2.42 billion, a PE ratio of 17.15 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 9th. The company reported $0.97 earnings per share for the quarter, topping 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 analyst estimates of $816.54 million. During the same quarter last year, the firm posted $2.49 earnings per share. The business’s revenue was down 27.1% compared to the same quarter last year. On average, equities analysts predict that AMN Healthcare Services will post 3.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMN. Boston Partners grew its stake in shares of AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after acquiring an additional 1,461,541 shares during the last quarter. Bridgewater Associates LP grew its position in AMN Healthcare Services by 12.2% during the 4th quarter. Bridgewater Associates LP now owns 241,047 shares of the company’s stock worth $18,050,000 after purchasing an additional 26,300 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in AMN Healthcare Services during the 4th quarter valued at approximately $1,006,000. UBS Group AG raised its holdings in shares of AMN Healthcare Services by 79.7% in the fourth quarter. UBS Group AG now owns 114,500 shares of the company’s stock worth $8,574,000 after buying an additional 50,775 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in shares of AMN Healthcare Services by 20.2% during the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after buying an additional 44,740 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.