AMN Healthcare Services (NYSE:AMN) Trading Down 4.5% – Here’s What Happened

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price fell 4.5% on Tuesday . The stock traded as low as $25.94 and last traded at $25.94. 15,872 shares traded hands during trading, a decline of 98% from the average session volume of 849,398 shares. The stock had previously closed at $27.16.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMN shares. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. UBS Group dropped their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group dropped 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 report on Wednesday, November 13th. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, JMP Securities reduced their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Stock Performance

The stock has a 50-day moving average of $37.20 and a 200 day moving average of $48.33. 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 stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.68 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period in the previous year, the company earned $1.97 EPS. On average, analysts expect that AMN Healthcare Services, Inc. will post 3.09 EPS for the current year.

Insider Transactions at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds have recently modified their holdings of AMN. Truvestments Capital LLC acquired a new stake in shares of AMN Healthcare Services during the third quarter worth about $30,000. Mather Group LLC. acquired a new stake in shares of AMN Healthcare Services during the second quarter worth about $31,000. Nisa Investment Advisors LLC raised its position in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC raised its position in shares of AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after purchasing an additional 811 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of AMN Healthcare Services by 455.0% during the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after purchasing an additional 1,224 shares during the period. 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.