AMN Healthcare Services (NYSE:AMN) Trading Down 4.5% – Here’s What Happened

AMN Healthcare Services, Inc. (NYSE:AMN)’s stock price fell 4.5% on Tuesday . The stock traded as low as $25.94 and last traded at $25.94. 15,872 shares were traded during trading, a decline of 98% from the average session volume of 849,398 shares. The stock had previously closed at $27.16.

Analysts Set New Price Targets

Several research firms recently weighed in on AMN. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, Truist Financial reduced their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, AMN Healthcare Services presently has a consensus rating of “Hold” and an average target price of $48.33.

AMN Healthcare Services Stock Down 1.7 %

The business has a 50-day simple moving average of $37.20 and a two-hundred day simple moving average of $48.33. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 19.68 and a beta of 0.13. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company 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 quarter in the previous year, the firm earned $1.97 earnings per share. As a group, equities analysts forecast that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMN. Truvestments Capital LLC acquired a new position in shares of AMN Healthcare Services during the third quarter valued at about $30,000. Mather Group LLC. acquired a new position in shares of AMN Healthcare Services during the second quarter valued at about $31,000. Nisa Investment Advisors LLC raised its position in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after buying an additional 219 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after acquiring an additional 1,224 shares in the last quarter. 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.