AMN Healthcare Services (NYSE:AMN) Hits New 12-Month Low at $39.43

AMN Healthcare Services, Inc. (NYSE:AMN) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $39.43 and last traded at $40.34, with a volume of 65993 shares changing hands. The stock had previously closed at $42.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMN shares. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. UBS Group cut their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. BMO Capital Markets upped their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, JMP Securities dropped their target price on shares of 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Stock Performance

The company has a market cap of $1.52 billion, a PE ratio of 11.29 and a beta of 0.12. The stock has a 50 day simple moving average of $52.68 and a two-hundred day simple moving average of $55.15. 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 released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million during the quarter, compared to the consensus estimate of $740.43 million. During the same quarter in the prior year, the firm earned $2.38 EPS. AMN Healthcare Services’s revenue for the quarter was down 25.3% on a year-over-year basis. Equities analysts predict that AMN Healthcare Services, Inc. will post 3.26 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds have recently modified their holdings of AMN. Pacer Advisors Inc. purchased a new position in AMN Healthcare Services during the 2nd quarter worth $99,349,000. Thrivent Financial for Lutherans increased its stake in shares of AMN Healthcare Services by 3,753.6% during 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 period. Swedbank AB purchased a new position in AMN Healthcare Services during the first quarter worth about $70,617,000. Vaughan Nelson Investment Management L.P. acquired a new stake in AMN Healthcare Services in the second quarter valued at about $45,481,000. Finally, American Century Companies Inc. boosted its holdings in AMN Healthcare Services by 95.3% in the 2nd 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 owned by institutional investors and hedge funds.

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.