AMN Healthcare Services (NYSE:AMN) Stock Price Down 6% – Should You Sell?

AMN Healthcare Services, Inc. (NYSE:AMN)’s stock price traded down 6% on Tuesday . The stock traded as low as $25.86 and last traded at $25.94. 163,857 shares changed hands during trading, a decline of 74% from the average session volume of 623,014 shares. The stock had previously closed at $27.61.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMN. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. JMP Securities dropped their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. Truist Financial reduced their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group lowered their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and a consensus price target of $48.33.

AMN Healthcare Services Price Performance

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The company has a 50 day simple moving average of $25.96 and a 200-day simple moving average of $40.74. The stock has a market cap of $996.41 million, a price-to-earnings ratio of 18.97 and a beta of 0.05.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $1.97 EPS. As a group, research analysts anticipate that AMN Healthcare Services, Inc. will post 3.07 EPS for the current fiscal year.

Insider Activity

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

A number of institutional investors and hedge funds have recently made changes to their positions in AMN. FMR LLC grew its stake in AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after buying an additional 2,801,663 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of AMN Healthcare Services during the second quarter valued at $99,349,000. State Street Corp grew its position in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after acquiring an additional 16,075 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of AMN Healthcare Services by 2.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock worth $54,831,000 after acquiring an additional 30,157 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in AMN Healthcare Services by 23.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock valued at $46,499,000 after purchasing an additional 209,180 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.