AMN Healthcare Services (NYSE:AMN) Hits New 1-Year Low – Should You Sell?

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.30 and last traded at $21.44, with a volume of 455512 shares changing hands. The stock had previously closed at $23.35.

Analyst Ratings Changes

AMN has been the topic of several research analyst reports. BMO Capital Markets lowered their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Truist Financial decreased their price target on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. 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. Finally, StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and an average target price of $41.17.

AMN Healthcare Services Stock Down 6.6 %

The business’s 50 day simple moving average is $25.41 and its 200 day simple moving average is $29.76. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $833.05 million, a PE ratio of -5.67 and a beta of 0.15.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.75 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 company had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. On average, equities research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after acquiring an additional 377 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after acquiring an additional 1,274 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after purchasing an additional 754 shares during the period. KBC Group NV grew its holdings in AMN Healthcare Services by 110.9% during the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Covestor Ltd raised its position in AMN Healthcare Services by 41.0% in the 4th quarter. Covestor Ltd now owns 2,914 shares of the company’s stock worth $70,000 after purchasing an additional 848 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.