AMN Healthcare Services Inc (NYSE:AMN) Short Interest Update

Key Points

• Short interest in AMN Healthcare Services declined by 21.7% in August, dropping from 3,270,000 shares to 2,560,000 shares.
• The company's quarterly earnings report showed an EPS of $0.30, which surpassed analysts' expectations of $0.17.
• Analysts have lowered their price targets for AMN Healthcare Services, with Bank of America setting a target of $18.00 and BMO Capital Markets adjusting it to $22.00.

AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,560,000 shares, a decrease of 21.7% from the August 15th total of 3,270,000 shares. Based on an average daily volume of 841,900 shares, the short-interest ratio is currently 3.0 days. Currently, 6.7% of the company's stock are short sold. Currently, 6.7% of the company's stock are short sold. Based on an average daily volume of 841,900 shares, the short-interest ratio is currently 3.0 days.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently modified their holdings of the business. 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 buying an additional 599 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted 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 worth $37,000 after buying an additional 1,477 shares during the last quarter. Caption Management LLC increased its stake in AMN Healthcare Services by 400.0% in the 1st quarter. Caption Management LLC now owns 2,500 shares of the company's stock worth $61,000 after purchasing an additional 2,000 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of 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 valued at $64,000 after buying an additional 1,020 shares during the period. Finally, Strs Ohio purchased a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $95,000. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMN has been the topic of several recent research reports. BMO Capital Markets reduced their price target on AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, August 11th. Bank of America cut their target price on AMN Healthcare Services from $20.00 to $18.00 and set an "underperform" rating on the stock in a research report on Wednesday, September 10th. Finally, JMP Securities cut 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 report on Tuesday, August 12th. Three 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.25.

AMN Healthcare Services Price Performance

Shares of NYSE AMN traded up $0.37 during mid-day trading on Monday, reaching $19.09. The company had a trading volume of 268,400 shares, compared to its average volume of 910,951. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.00 and a current ratio of 1.00. AMN Healthcare Services has a one year low of $14.86 and a one year high of $46.87. The firm has a market cap of $731.34 million, a price-to-earnings ratio of -2.46 and a beta of 0.11. The business's 50-day simple moving average is $19.31 and its 200 day simple moving average is $20.81.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.13. The firm had revenue of $658.18 million for the quarter, compared to analysts' expectations 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 business's revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 will post 1.33 earnings per share 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.