AMN Healthcare Services (NYSE:AMN) Trading Down 4.4% - Time to Sell?

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report)'s stock price fell 4.4% during mid-day trading on Friday . The company traded as low as $20.77 and last traded at $20.72. 177,701 shares changed hands during trading, a decline of 80% from the average session volume of 910,602 shares. The stock had previously closed at $21.67.

Analyst Upgrades and Downgrades

AMN has been the subject of a number of research analyst reports. Wall Street Zen raised shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th. UBS Group cut their price objective on AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. JMP Securities reissued a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. Truist Financial dropped their target price on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $32.08.

AMN Healthcare Services Stock Performance

The firm has a fifty day moving average price of $20.90 and a 200 day moving average price of $24.03. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The stock has a market cap of $807.43 million, a PE ratio of -5.48 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.26. 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 $689.53 million during the quarter, compared to analyst estimates of $670.08 million. During the same quarter last year, the business posted $0.97 EPS. The firm's quarterly revenue was down 16.0% on a year-over-year basis. Research analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AMN. Golden State Wealth Management LLC raised its position in AMN Healthcare Services by 107.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock valued at $28,000 after purchasing an additional 599 shares in the last quarter. 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 worth $36,000 after buying an additional 377 shares during the period. Caitong International Asset Management Co. Ltd raised its position in AMN Healthcare Services by 3,142.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock valued at $37,000 after purchasing an additional 1,477 shares during the last quarter. LRI Investments LLC boosted its stake in shares of AMN Healthcare Services by 368.2% during the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company's stock worth $39,000 after buying an additional 1,274 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock valued at $57,000 after purchasing an additional 754 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.