AMN Healthcare Services (NYSE:AMN) Shares Down 4.1% – Should You Sell?

Shares of AMN Healthcare Services Inc (NYSE:AMN) fell 4.1% on Wednesday . The stock traded as low as $25.80 and last traded at $25.8220. 232,408 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,241,191 shares. The stock had previously closed at $26.92.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMN. Robert W. Baird upped their target price on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. BMO Capital Markets upped their target price on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Zacks Research raised AMN Healthcare Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Citizens Jmp upped their target price on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.29.

AMN Healthcare Services Stock Performance

The company has a market cap of $1.02 billion, a P/E ratio of -30.40, a P/E/G ratio of 0.71 and a beta of 0.30. The firm has a 50 day moving average price of $21.05 and a 200-day moving average price of $18.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.50. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The firm’s revenue was up 99.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. On average, research analysts predict that AMN Healthcare Services Inc will post 2.53 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Several large investors have recently made changes to their positions in the stock. Covestor Ltd boosted its position in AMN Healthcare Services by 13.9% in the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after buying an additional 579 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AMN Healthcare Services by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after buying an additional 1,153 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in AMN Healthcare Services by 238.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after buying an additional 1,207 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in AMN Healthcare Services by 3.5% in the 3rd quarter. Intech Investment Management LLC now owns 40,335 shares of the company’s stock valued at $781,000 after buying an additional 1,355 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

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.