AMN Healthcare Services (NYSE:AMN) Shares Down 5.4%

AMN Healthcare Services, Inc. (NYSE:AMN) shares dropped 5.4% on Monday . The stock traded as low as $44.44 and last traded at $44.61. Approximately 355,200 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 773,868 shares. The stock had previously closed at $47.14.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMN. BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. UBS Group cut their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, JMP Securities decreased their price objective on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.83.

AMN Healthcare Services Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a 50 day moving average price of $54.54 and a two-hundred day moving average price of $56.26. The company has a market capitalization of $1.75 billion, a P/E ratio of 12.67 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. AMN Healthcare Services’s quarterly revenue was down 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.38 EPS. On average, research analysts expect that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in AMN Healthcare Services by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,199 shares of the company’s stock worth $35,283,000 after buying an additional 18,803 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of AMN Healthcare Services in the 4th quarter worth approximately $49,000. Quadrant Capital Group LLC grew its position in AMN Healthcare Services by 32.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,411 shares of the company’s stock worth $106,000 after acquiring an additional 342 shares during the last quarter. Norges Bank acquired a new stake in AMN Healthcare Services during the 4th quarter valued at $19,864,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in AMN Healthcare Services during the 4th quarter valued at $1,006,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.