AMN Healthcare Services (NYSE:AMN) Hits New 12-Month Low at $41.58

AMN Healthcare Services, Inc. (NYSE:AMN)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $41.58 and last traded at $41.58, with a volume of 2479 shares traded. The stock had previously closed at $42.04.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMN. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities cut their price objective on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 13th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. BMO Capital Markets boosted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, UBS Group reduced their price target on 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. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.83.

AMN Healthcare Services Stock Performance

The stock has a 50 day simple moving average of $53.85 and a two-hundred day simple moving average of $55.62. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.30 and a beta of 0.12. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. During the same quarter in the previous year, the business earned $2.38 earnings per share. The firm’s revenue was down 25.3% compared to the same quarter last year. As a group, analysts anticipate that AMN Healthcare Services, Inc. will post 3.26 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds have recently made changes to their positions in the company. Mather Group LLC. purchased a new position in AMN Healthcare Services during the 2nd quarter worth approximately $31,000. Nisa Investment Advisors LLC grew 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 acquiring an additional 219 shares during the last quarter. Quarry LP grew its position in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in AMN Healthcare Services in the first quarter valued at $58,000. Finally, GAMMA Investing LLC increased its position in AMN Healthcare Services by 232.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 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.