AMN Healthcare Services (NYSE:AMN) Downgraded to “Hold” Rating by Zacks Research

AMN Healthcare Services (NYSE:AMN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Truist Financial boosted their target price on AMN Healthcare Services from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wall Street Zen raised AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. Citizens Jmp increased their price objective on AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, February 23rd. Finally, BMO Capital Markets raised their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.29.

AMN Healthcare Services Trading Down 4.5%

Shares of AMN Healthcare Services stock opened at $25.65 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $19.08. The stock has a market cap of $994.82 million, a price-to-earnings ratio of -29.48, a PEG ratio of 0.66 and a beta of 0.30. AMN Healthcare Services has a 12-month low of $14.86 and a 12-month high of $31.65.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.45 earnings per share. AMN Healthcare Services’s quarterly revenue was up 99.9% compared to the same quarter last year. On average, equities analysts forecast that AMN Healthcare Services will post 2.53 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after acquiring an additional 1,300,005 shares during the last quarter. Boston Partners boosted its holdings in shares of AMN Healthcare Services by 7,583.1% during the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock worth $16,313,000 after purchasing an additional 1,021,672 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of AMN Healthcare Services in the third quarter valued at $19,176,000. Millennium Management LLC increased its stake in AMN Healthcare Services by 262.1% in the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after purchasing an additional 932,269 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after purchasing an additional 463,100 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.