AMN Healthcare Services (NYSE:AMN) Shares Up 5.8% - Time to Buy?

Shares of AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) were up 5.8% on Tuesday . The company traded as high as $20.37 and last traded at $20.48. Approximately 442,097 shares traded hands during trading, a decline of 52% from the average daily volume of 912,454 shares. The stock had previously closed at $19.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMN shares. BMO Capital Markets dropped 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 report on Monday, February 24th. StockNews.com upgraded AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. 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, JMP Securities reissued a "market outperform" rating and set a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.67.

AMN Healthcare Services Stock Performance

The firm's 50 day moving average is $22.45 and its 200-day moving average is $26.37. The stock has a market capitalization of $802.16 million, a price-to-earnings ratio of -5.46 and a beta of -0.03. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. 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 $734.71 million for the quarter, compared to analyst estimates of $694.38 million. Analysts forecast that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Newtyn Management LLC purchased a new stake in shares of AMN Healthcare Services during the 4th quarter valued at approximately $28,417,000. WCM Investment Management LLC raised its position in AMN Healthcare Services by 98.8% in the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock valued at $26,367,000 after purchasing an additional 550,427 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of AMN Healthcare Services in the 4th quarter valued at $12,685,000. Reinhart Partners LLC. purchased a new position in shares of AMN Healthcare Services during the 4th quarter worth $12,341,000. Finally, Two Sigma Investments LP increased its position in shares of AMN Healthcare Services by 228.8% during the 4th quarter. Two Sigma Investments LP now owns 532,694 shares of the company's stock worth $12,742,000 after purchasing an additional 370,691 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.