AMN Healthcare Services Inc (NYSE:AMN) Sees Significant Decline in Short Interest

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) saw a significant decrease in short interest during 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 trading volume of 841,900 shares, the short-interest ratio is presently 3.0 days. Currently, 6.7% of the company's stock are sold short. Currently, 6.7% of the company's stock are sold short. Based on an average trading volume of 841,900 shares, the short-interest ratio is presently 3.0 days.

Institutional Trading of AMN Healthcare Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in AMN Healthcare Services by 34.4% during the first quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company's stock valued at $370,000 after buying an additional 3,880 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in AMN Healthcare Services during the first quarter valued at $592,000. Golden State Wealth Management LLC grew its position in AMN Healthcare Services by 107.0% during the first 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 period. Allspring Global Investments Holdings LLC acquired a new stake in AMN Healthcare Services during the first quarter valued at $1,581,000. Finally, GAMMA Investing LLC grew its position in AMN Healthcare Services by 74.9% during the first quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock valued at $129,000 after buying an additional 2,260 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

Shares of AMN traded up $0.39 during mid-day trading on Monday, reaching $19.11. The company had a trading volume of 783,047 shares, compared to its average volume of 1,010,038. The stock has a market capitalization of $732.30 million, a P/E ratio of -2.46 and a beta of 0.11. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $46.87. The stock has a 50 day moving average of $19.28 and a two-hundred day moving average of $20.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.13. The company had revenue of $658.18 million during 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%.AMN Healthcare Services's quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. AMN Healthcare Services has set its Q3 2025 guidance at EPS. On average, analysts expect that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMN shares. JMP Securities cut their price target on shares of 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. BMO Capital Markets cut their price target on shares of 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. Finally, Bank of America cut their price target on shares of AMN Healthcare Services from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of "Hold" and a consensus target price of $23.25.

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.