AMN Healthcare Services (NYSE:AMN) Hits New 12-Month Low Following Analyst Downgrade

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) hit a new 52-week low during mid-day trading on Thursday after Jefferies Financial Group lowered their price target on the stock from $41.00 to $27.00. Jefferies Financial Group currently has a hold rating on the stock. AMN Healthcare Services traded as low as $23.79 and last traded at $23.82, with a volume of 44854 shares traded. The stock had previously closed at $24.60.

A number of other brokerages have also recently commented on AMN. BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, UBS Group dropped their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.33.

Insider Buying and Selling at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC grew its holdings in AMN Healthcare Services by 279.2% during the 3rd quarter. Barclays PLC now owns 91,801 shares of the company’s stock worth $3,891,000 after acquiring an additional 67,595 shares in the last quarter. MML Investors Services LLC lifted its position in shares of AMN Healthcare Services by 7.8% during the third quarter. MML Investors Services LLC now owns 24,694 shares of the company’s stock valued at $1,047,000 after buying an additional 1,790 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of AMN Healthcare Services by 54.5% during the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock valued at $32,768,000 after buying an additional 272,552 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of AMN Healthcare Services during the third quarter valued at about $10,026,000. Finally, State Street Corp lifted its position in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after buying an additional 16,075 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 0.7 %

The firm has a market capitalization of $902.45 million, a PE ratio of 17.18 and a beta of 0.13. The company’s 50-day simple moving average is $39.51 and its 200 day simple moving average is $49.92. The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period in the prior year, the firm posted $1.97 earnings per share. As a group, sell-side analysts expect that AMN Healthcare Services, Inc. will post 3.1 EPS for the current year.

About AMN Healthcare Services

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.