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

AMN Healthcare Services Inc (NYSE:AMN) shares fell 6% during mid-day trading on Thursday . The company traded as low as $17.57 and last traded at $17.4550. 176,378 shares traded hands during trading, a decline of 87% from the average session volume of 1,352,605 shares. The stock had previously closed at $18.56.

Analysts Set New Price Targets

A number of research firms have recently commented on AMN. UBS Group upped their price target on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a report on Friday, February 20th. BMO Capital Markets lifted their price objective on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Robert W. Baird upped their target price on shares of AMN Healthcare Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. set a $25.00 target price on shares of AMN Healthcare Services in a research report on Thursday, January 15th. Finally, Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.64.

AMN Healthcare Services Stock Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average price of $19.48 and a 200 day moving average price of $18.38. The stock has a market cap of $686.25 million, a PE ratio of -7.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.25.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $748.23 million during the quarter, compared to analyst estimates of $723.11 million. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. As a group, research analysts forecast that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors have recently bought and sold shares of AMN. Strengthening Families & Communities LLC lifted its holdings in AMN Healthcare Services by 238.5% during the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after buying an additional 1,207 shares during the period. Summit Securities Group LLC purchased a new position in shares of AMN Healthcare Services in the 4th quarter valued at $32,000. China Universal Asset Management Co. Ltd. raised its position in shares of AMN Healthcare Services by 200.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after acquiring an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 worth $64,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of AMN Healthcare Services during the 3rd quarter worth $63,000. 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.