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

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

Analyst Ratings Changes

AMN has been the topic of several research analyst reports. Robert W. Baird upped their target price on shares of AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Citizens Jmp lifted their price target on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, February 23rd. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Finally, UBS Group raised their target price 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. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $22.64.

AMN Healthcare Services Price Performance

The firm has a 50-day simple moving average of $19.40 and a 200-day simple moving average of $18.37. The firm has a market capitalization of $702.07 million, a PE ratio of -7.30, a PEG ratio of 0.74 and a beta of 0.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.94 and a quick ratio of 0.94.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm 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 business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, equities analysts forecast that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new stake in shares of AMN Healthcare Services during the 4th quarter valued at $168,000. Alpine Global Management LLC bought a new position in AMN Healthcare Services in the 4th quarter worth $176,000. Invesco Ltd. lifted its position in AMN Healthcare Services by 4.9% during the fourth quarter. Invesco Ltd. now owns 410,993 shares of the company’s stock valued at $6,477,000 after purchasing an additional 19,352 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in AMN Healthcare Services by 55.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 23,402 shares of the company’s stock valued at $369,000 after purchasing an additional 8,368 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in AMN Healthcare Services during the fourth quarter valued at $826,000. 99.23% of the stock is currently owned by institutional investors.

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.