AMN Healthcare Services (NYSE:AMN) Stock Price Down 4.1%

AMN Healthcare Services, Inc. (NYSE:AMN) shares traded down 4.1% on Friday . The company traded as low as $49.91 and last traded at $50.06. 136,361 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 768,437 shares. The stock had previously closed at $52.21.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMN. JMP Securities decreased their price objective on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 13th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Bank of America boosted their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. UBS Group decreased their target price 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. Finally, StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One research 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. According to data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Price Performance

The company has a 50-day moving average of $54.97 and a 200 day moving average of $56.66. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.73 billion, a PE ratio of 12.27 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company’s revenue for the quarter was down 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 earnings per share. Sell-side 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 and other institutional investors have recently made changes to their positions in the stock. Mather Group LLC. purchased a new stake in AMN Healthcare Services in the 2nd quarter valued at $31,000. Nisa Investment Advisors LLC boosted its position in shares of AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares during the last quarter. Quarry LP grew its holdings in shares of AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after purchasing an additional 204 shares during the period. Principal Securities Inc. acquired a new stake in AMN Healthcare Services during the fourth quarter worth about $49,000. Finally, Geneos Wealth Management Inc. purchased a new position in AMN Healthcare Services during the first quarter worth about $58,000. Institutional investors and hedge funds 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.