AMN Healthcare Services (NYSE:AMN) Trading Up 3.1% – Here’s What Happened

AMN Healthcare Services, Inc. (NYSE:AMN)’s stock price rose 3.1% during trading on Monday . The company traded as high as $24.08 and last traded at $24.31. Approximately 66,353 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 884,890 shares. The stock had previously closed at $23.57.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMN shares. Truist Financial cut 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 report on Friday, February 21st. BMO Capital Markets cut their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, JMP Securities restated a “market outperform” rating and issued a $34.00 price target on shares of AMN Healthcare Services in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Stock Performance

The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The stock has a market cap of $930.67 million, a PE ratio of -6.31 and a beta of 0.15. The firm has a fifty day moving average price of $25.58 and a 200 day moving average price of $30.10.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 15.22% and a negative net margin of 4.93%. Research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in shares of AMN Healthcare Services by 285.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after purchasing an additional 58,830 shares during the last quarter. Equitable Trust Co. boosted its position in shares of AMN Healthcare Services by 125.4% during the 4th quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock worth $515,000 after purchasing an additional 11,974 shares during the period. Thompson Investment Management Inc. increased its holdings in AMN Healthcare Services by 381.8% in the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock valued at $7,095,000 after purchasing an additional 235,067 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of AMN Healthcare Services by 98.8% in the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after buying an additional 550,427 shares during the period. Finally, Barclays PLC increased its stake in AMN Healthcare Services by 279.2% during the third quarter. Barclays PLC now owns 91,801 shares of the company’s stock worth $3,891,000 after purchasing an additional 67,595 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.