AMN Healthcare Services (NYSE:AMN) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a sell rating in a report issued on Monday.

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

AMN Healthcare Services Trading Down 7.9 %

AMN stock opened at $24.63 on Monday. The company has a market capitalization of $940.60 million, a PE ratio of -6.40 and a beta of 0.15. AMN Healthcare Services has a 12 month low of $22.47 and a 12 month high of $70.07. The firm’s 50-day moving average is $25.98 and its 200 day moving average is $31.70. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. On average, research analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after buying an additional 2,801,663 shares in the last quarter. Newtyn Management LLC acquired a new position in shares of AMN Healthcare Services during the 4th quarter valued at about $28,417,000. WCM Investment Management LLC boosted its position in shares of AMN Healthcare Services by 98.8% during 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 last quarter. Voloridge Investment Management LLC acquired a new position in AMN Healthcare Services in the fourth quarter valued at about $12,685,000. Finally, Reinhart Partners LLC. acquired a new position in AMN Healthcare Services in the fourth quarter valued at about $12,341,000. 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.