AMN Healthcare Services Inc (NYSE:AMN) Receives Consensus Rating of “Hold” from Brokerages

AMN Healthcare Services Inc (NYSE:AMN) has received an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.08.

Several research analysts have commented on AMN shares. UBS Group dropped their price objective on shares of AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Truist Financial lowered their target price on shares of AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th.

Institutional Trading of AMN Healthcare Services

A number of hedge funds have recently added to or reduced their stakes in AMN. Newtyn Management LLC bought a new position in AMN Healthcare Services in the fourth quarter worth about $28,417,000. Millennium Management LLC increased its holdings in shares of AMN Healthcare Services by 137.5% during the first quarter. Millennium Management LLC now owns 1,097,482 shares of the company’s stock valued at $26,844,000 after acquiring an additional 635,296 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at about $12,685,000. Pacer Advisors Inc. acquired a new position in shares of AMN Healthcare Services during the first quarter valued at about $11,831,000. Finally, Two Sigma Investments LP increased its holdings in shares of AMN Healthcare Services by 228.8% during the fourth quarter. Two Sigma Investments LP now owns 532,694 shares of the company’s stock valued at $12,742,000 after acquiring an additional 370,691 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Trading Down 0.4%

Shares of AMN opened at $21.92 on Friday. The company’s fifty day moving average is $21.25 and its 200 day moving average is $23.15. AMN Healthcare Services has a fifty-two week low of $17.45 and a fifty-two week high of $70.07. The stock has a market capitalization of $839.10 million, a PE ratio of -5.06 and a beta of 0.18. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.08 and a current ratio of 1.08.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.19 by $0.26. The company had revenue of $689.53 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a negative net margin of 5.80% and a positive return on equity of 13.39%. AMN Healthcare Services’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. Sell-side analysts expect that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

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.