AMN Healthcare Services (NYSE:AMN) Stock Price Up 4.6% – Time to Buy?

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) traded up 4.6% on Thursday . The stock traded as high as $43.08 and last traded at $42.50. 501,722 shares changed hands during trading, a decline of 37% from the average session volume of 799,544 shares. The stock had previously closed at $40.62.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMN shares. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities reiterated a “market outperform” rating and issued a $66.00 target price on shares of AMN Healthcare Services in a report on Friday, October 4th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. UBS Group decreased their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.00.

AMN Healthcare Services Trading Up 4.4 %

The company’s 50-day moving average is $46.92 and its 200 day moving average is $53.23. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.61 billion, a PE ratio of 10.92 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. During the same quarter in the prior year, the company earned $2.38 earnings per share. The company’s revenue for the quarter was down 25.3% on a year-over-year basis. As a group, sell-side analysts predict that AMN Healthcare Services, Inc. will post 3.21 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. acquired a new position in AMN Healthcare Services in the 2nd quarter valued at approximately $99,349,000. Thrivent Financial for Lutherans increased its stake in shares of AMN Healthcare Services by 3,753.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after acquiring an additional 1,230,543 shares during the last quarter. Swedbank AB purchased a new stake in shares of AMN Healthcare Services during the first quarter worth $70,617,000. Vaughan Nelson Investment Management L.P. acquired a new stake in AMN Healthcare Services during the second quarter valued at $45,481,000. Finally, American Century Companies Inc. grew its stake in AMN Healthcare Services by 95.3% in the second quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after purchasing an additional 378,266 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.