AMN Healthcare Services, Inc. (NYSE:AMN) Short Interest Update

AMN Healthcare Services, Inc. (NYSE:AMN) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 5,070,000 shares, a growth of 9.3% from the August 15th total of 4,640,000 shares. Approximately 13.4% of the company’s shares are sold short. Based on an average daily trading volume, of 784,200 shares, the short-interest ratio is presently 6.5 days.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp lifted its position in shares of AMN Healthcare Services by 58.7% during the 2nd quarter. Truist Financial Corp now owns 13,376 shares of the company’s stock valued at $685,000 after buying an additional 4,949 shares in the last quarter. Algert Global LLC lifted its holdings in AMN Healthcare Services by 352.9% during the second quarter. Algert Global LLC now owns 31,143 shares of the company’s stock valued at $1,595,000 after purchasing an additional 24,266 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of AMN Healthcare Services in the second quarter worth approximately $925,000. The Manufacturers Life Insurance Company increased its stake in shares of AMN Healthcare Services by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 21,292 shares of the company’s stock worth $1,091,000 after purchasing an additional 748 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of AMN Healthcare Services in the second quarter worth $2,516,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMN. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. UBS Group cut their price objective 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. JMP Securities decreased their target price on 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 restated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Finally, StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.83.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock traded up $0.74 during midday trading on Wednesday, reaching $46.82. 961,042 shares of the company traded hands, compared to its average volume of 775,698. AMN Healthcare Services has a 12 month low of $42.23 and a 12 month high of $89.21. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day moving average of $54.43 and a two-hundred day moving average of $56.05. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.59 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last released its quarterly 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 firm had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company’s revenue for the quarter was down 25.3% on a year-over-year basis. During the same period last year, the business posted $2.38 EPS. As a group, research analysts predict that AMN Healthcare Services will post 3.26 earnings per share for the current year.

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.