AMN Healthcare Services (NYSE:AMN) Stock Price Down 3.9% – Time to Sell?

AMN Healthcare Services, Inc. (NYSE:AMN) shares fell 3.9% during mid-day trading on Monday . The stock traded as low as $25.68 and last traded at $25.97. 220,545 shares were traded during trading, a decline of 74% from the average session volume of 848,908 shares. The stock had previously closed at $27.02.

Analyst Ratings Changes

A number of analysts have recently commented on AMN shares. BMO Capital Markets cut 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 note on Monday, November 11th. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $65.00 to $48.00 in a report on Monday, October 7th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Truist Financial reduced their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, JMP Securities lowered their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Stock Performance

The firm has a fifty day moving average price of $32.79 and a 200 day moving average price of $45.32. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a market cap of $970.13 million, a PE ratio of 18.46 and a beta of 0.04.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The company had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same period in the previous year, the business posted $1.97 EPS. As a group, equities research analysts expect that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. This represents a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is currently owned by company insiders.

Institutional Trading of AMN Healthcare Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Versor Investments LP purchased a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at $818,000. Anthracite Investment Company Inc. acquired a new stake in AMN Healthcare Services during the 3rd quarter worth approximately $1,696,000. New South Capital Management Inc. grew its stake in shares of AMN Healthcare Services by 24.6% in the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after acquiring an additional 111,302 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of AMN Healthcare Services by 23.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after acquiring an additional 209,180 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of AMN Healthcare Services by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after acquiring an additional 30,157 shares in the last quarter. Hedge funds and other institutional investors 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.