AMN Healthcare Services (NYSE:AMN) Shares Down 4.7% Following Analyst Downgrade

Key Points

• AMN Healthcare Services' stock fell 4.7% after Bank of America downgraded its price target from $20.00 to $18.00, giving it an underperform rating.
• Several brokerages have also lowered their price targets on AMN, with UBS Group setting a new target of $25.50, down from $30.00, and JMP Securities cutting theirs from $33.00 to $22.00.
• Institutional investors own an impressive 99.23% of AMN Healthcare Services’ stock, with significant increases in holdings reported by several asset management firms.

AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) was down 4.7% on Wednesday after Bank of America lowered their price target on the stock from $20.00 to $18.00. Bank of America currently has an underperform rating on the stock. AMN Healthcare Services traded as low as $19.87 and last traded at $19.85. Approximately 142,126 shares were traded during trading, a decline of 84% from the average daily volume of 880,261 shares. The stock had previously closed at $20.83.

A number of other research firms also recently issued reports on AMN. BMO Capital Markets dropped their price target on AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, August 11th. JMP Securities lowered their target price on AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Finally, UBS Group lowered their target price on AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $23.25.

Institutional Trading of AMN Healthcare Services

A number of institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its stake in shares of AMN Healthcare Services by 55.9% in the second quarter. Osaic Holdings Inc. now owns 5,527 shares of the company's stock valued at $114,000 after buying an additional 1,981 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of AMN Healthcare Services by 6.1% in the second quarter. Orion Porfolio Solutions LLC now owns 29,339 shares of the company's stock valued at $606,000 after buying an additional 1,679 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in AMN Healthcare Services by 8.1% during the second quarter. Public Sector Pension Investment Board now owns 130,549 shares of the company's stock worth $2,698,000 after purchasing an additional 9,812 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock worth $64,000 after purchasing an additional 1,020 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in AMN Healthcare Services by 64.4% during the second quarter. State of Tennessee Department of Treasury now owns 15,034 shares of the company's stock worth $311,000 after purchasing an additional 5,889 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Performance

The stock has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $21.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $698.38 million, a PE ratio of -2.35 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.13. The company had revenue of $658.18 million for the quarter, compared to the consensus estimate of $652.89 million. AMN Healthcare Services had a positive return on equity of 11.09% and a negative net margin of 10.75%.AMN Healthcare Services's quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. Equities analysts anticipate that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

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.