StockNews.com Upgrades AMN Healthcare Services (NYSE:AMN) to “Hold”

AMN Healthcare Services (NYSE:AMN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

AMN has been the topic of a number of other reports. JMP Securities restated a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. Truist Financial cut their price target on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, BMO Capital Markets lowered their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $23.49 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. The company has a market cap of $896.95 million, a price-to-earnings ratio of -6.10 and a beta of 0.15. The stock’s 50-day moving average is $25.67 and its two-hundred day moving average is $30.50. AMN Healthcare Services has a 1-year low of $22.47 and a 1-year high of $70.07.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The firm had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. Analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds have recently made changes to their positions in AMN. FMR LLC lifted its holdings in shares of AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after purchasing an additional 2,801,663 shares during the last quarter. Vanguard Group Inc. lifted its stake in AMN Healthcare Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock valued at $106,082,000 after buying an additional 108,284 shares during the last quarter. State Street Corp boosted its holdings in shares of AMN Healthcare Services by 1.1% in the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after acquiring an additional 16,075 shares during the period. Newtyn Management LLC purchased a new position in shares of AMN Healthcare Services during the fourth quarter worth approximately $28,417,000. Finally, WCM Investment Management LLC increased its holdings in shares of AMN Healthcare Services by 98.8% in the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after acquiring an additional 550,427 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.