AMN Healthcare Services (NYSE:AMN) Downgraded by StockNews.com to Sell

AMN Healthcare Services (NYSE:AMN) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Other research analysts have also issued research reports about the stock. 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. Truist Financial cut their price target on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, BMO Capital Markets cut their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Price Performance

AMN opened at $25.00 on Monday. AMN Healthcare Services has a 1 year low of $22.47 and a 1 year high of $70.07. The company’s 50 day simple moving average is $25.95 and its 200 day simple moving average is $31.50. 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 capitalization of $954.76 million, a PE ratio of -6.49 and a beta of 0.15.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 EPS 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 for the quarter, compared to analyst estimates of $694.38 million. As a group, sell-side analysts expect that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Trading of AMN Healthcare Services

A number of hedge funds have recently made changes to their positions in AMN. Truvestments Capital LLC purchased a new stake in shares of AMN Healthcare Services during the third quarter valued at approximately $30,000. Jones Financial Companies Lllp increased its stake in shares of AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after buying an additional 377 shares during the last quarter. LRI Investments LLC increased its stake in shares of AMN Healthcare Services by 368.2% in the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after buying an additional 1,274 shares during the last quarter. Blue Trust Inc. increased its stake in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after buying an additional 754 shares during the last quarter. Finally, KBC Group NV increased its stake 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 worth $59,000 after buying an additional 1,303 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.