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

AMN Healthcare Services, Inc. (NYSE:AMN) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 4,200,000 shares, a decrease of 18.6% from the October 15th total of 5,160,000 shares. Based on an average daily trading volume, of 896,100 shares, the days-to-cover ratio is presently 4.7 days. Approximately 11.1% of the shares of the stock are sold short.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction that occurred on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its position in shares of AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares during the period. Arizona State Retirement System raised its stake in AMN Healthcare Services by 2.1% in the second quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after buying an additional 221 shares in the last quarter. Pitcairn Co. lifted its holdings in AMN Healthcare Services by 4.2% during the first quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock worth $384,000 after buying an additional 249 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in AMN Healthcare Services by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after acquiring an additional 252 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in shares of AMN Healthcare Services by 4.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock valued at $360,000 after acquiring an additional 278 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Down 0.7 %

Shares of NYSE AMN opened at $23.70 on Friday. The stock has a 50 day moving average price of $39.51 and a 200 day moving average price of $49.85. The firm has a market capitalization of $902.26 million, a price-to-earnings ratio of 17.17 and a beta of 0.13. AMN Healthcare Services has a 52-week low of $23.37 and a 52-week high of $80.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period in the prior year, the business earned $1.97 EPS. Sell-side analysts expect that AMN Healthcare Services will post 3.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMN shares. BMO Capital Markets cut their price objective on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Jefferies Financial Group reduced their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $65.00 to $48.00 in a research report on Monday, October 7th. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $48.33.

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.