AMN Healthcare Services (NYSE:AMN) Reaches New 12-Month Low – Here’s What Happened

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.10 and last traded at $18.32, with a volume of 753305 shares. The stock had previously closed at $18.96.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Truist Financial cut their price target on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and a consensus target price of $38.67.

AMN Healthcare Services Stock Performance

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 company has a market capitalization of $699.62 million, a P/E ratio of -4.76 and a beta of -0.03. The firm has a 50 day moving average price of $23.68 and a two-hundred day moving average price of $27.93.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The firm had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. On average, research analysts expect that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of AMN Healthcare Services by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock worth $106,082,000 after buying an additional 108,284 shares in the last quarter. State Street Corp increased its holdings in AMN Healthcare Services by 1.1% during the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after purchasing an additional 16,075 shares in the last quarter. Newtyn Management LLC bought a new position in AMN Healthcare Services in the 4th quarter valued at $28,417,000. WCM Investment Management LLC boosted its stake in AMN Healthcare Services by 98.8% in the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after purchasing an additional 550,427 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AMN Healthcare Services by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company’s stock worth $21,222,000 after purchasing an additional 217,643 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.