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

AMN Healthcare Services, Inc. (NYSE:AMN) was up 3.1% during trading on Monday . The company traded as high as $24.08 and last traded at $24.31. Approximately 66,353 shares traded 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMN shares. StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. BMO Capital Markets dropped their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Truist Financial decreased their price target on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, JMP Securities restated a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.17.

AMN Healthcare Services Price Performance

The stock has a market cap of $930.67 million, a price-to-earnings ratio of -6.31 and a beta of 0.15. The company’s 50 day moving average is $25.58 and its 200 day moving average is $30.10. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last posted its 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. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The firm had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. Research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in shares of AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after purchasing an additional 377 shares during the last quarter. LRI Investments LLC lifted its stake in shares of AMN Healthcare Services by 368.2% during the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after purchasing an additional 1,274 shares during the period. Blue Trust Inc. boosted its holdings in shares of AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after purchasing an additional 754 shares during the last quarter. KBC Group NV grew its position in shares of AMN Healthcare Services by 110.9% in the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after purchasing an additional 1,303 shares during the period. Finally, Covestor Ltd increased its stake in AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company’s stock valued at $70,000 after purchasing an additional 848 shares during 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.