AMN Healthcare Services (NYSE:AMN) Trading Down 4.7% on 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)'s share price dropped 4.7% during trading 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 traded hands during mid-day 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 analysts also recently commented on AMN. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, August 11th. JMP Securities lowered their target price on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Finally, UBS Group cut their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AMN Healthcare Services has a consensus rating of "Hold" and a consensus target price of $23.25.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. grew its stake in AMN Healthcare Services by 55.9% during the second quarter. Osaic Holdings Inc. now owns 5,527 shares of the company's stock worth $114,000 after buying an additional 1,981 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of AMN Healthcare Services by 6.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 29,339 shares of the company's stock valued at $606,000 after acquiring an additional 1,679 shares in the last quarter. Public Sector Pension Investment Board boosted its position in AMN Healthcare Services by 8.1% during the 2nd 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 period. Tower Research Capital LLC TRC increased its holdings in AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock valued at $64,000 after purchasing an additional 1,020 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in AMN Healthcare Services by 64.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 15,034 shares of the company's stock valued at $311,000 after purchasing an additional 5,889 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Down 0.2%

The firm has a 50-day simple moving average of $19.61 and a 200 day simple moving average of $21.04. The company has a market capitalization of $697.62 million, a PE ratio of -2.34 and a beta of 0.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.00.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. The company had revenue of $658.18 million during 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%.The company's revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. On average, research analysts predict that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal 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.