AMN Healthcare Services (NYSE:AMN) Shares Down 3.5% – Should You Sell?

AMN Healthcare Services, Inc. (NYSE:AMN) shares were down 3.5% on Friday . The company traded as low as $40.88 and last traded at $40.92. Approximately 98,434 shares traded hands during trading, a decline of 88% from the average daily volume of 799,769 shares. The stock had previously closed at $42.42.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. BMO Capital Markets upped their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. JMP Securities restated a “market outperform” rating and issued a $66.00 target price on shares of AMN Healthcare Services in a report on Friday, October 4th. Finally, Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.00.

AMN Healthcare Services Stock Down 3.3 %

The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.02 and a beta of 0.11. The business has a 50-day moving average of $46.18 and a 200-day moving average of $52.97. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23.

AMN Healthcare Services (NYSE:AMN) last announced 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 net margin of 3.07% and a return on equity of 23.68%. The company had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. During the same quarter last year, the firm posted $2.38 earnings per share. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. On average, sell-side analysts expect that AMN Healthcare Services, Inc. will post 3.21 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMN. Vanguard Group Inc. grew its stake in AMN Healthcare Services by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock worth $318,353,000 after purchasing an additional 30,513 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of AMN Healthcare Services during the fourth quarter worth approximately $373,000. NBC Securities Inc. raised its holdings in AMN Healthcare Services by 25.2% in the first quarter. NBC Securities Inc. now owns 6,443 shares of the company’s stock valued at $412,000 after acquiring an additional 1,296 shares in the last quarter. Thompson Investment Management Inc. lifted its stake in AMN Healthcare Services by 6.3% in the first quarter. Thompson Investment Management Inc. now owns 46,514 shares of the company’s stock worth $2,908,000 after acquiring an additional 2,758 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in AMN Healthcare Services during the 1st quarter worth approximately $254,000. 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.