Short Interest in AMN Healthcare Services, Inc. (NYSE:AMN) Declines By 8.2%

AMN Healthcare Services, Inc. (NYSE:AMN) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,160,000 shares, a decline of 8.2% from the September 30th total of 5,620,000 shares. Approximately 13.7% of the company’s shares are short sold. Based on an average daily trading volume, of 847,500 shares, the short-interest ratio is presently 6.1 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMN. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities reduced their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. Finally, UBS Group decreased their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.17.

AMN Healthcare Services Stock Down 3.7 %

AMN Healthcare Services stock traded down $1.47 during midday trading on Thursday, hitting $37.95. 696,157 shares of the company were exchanged, compared to its average volume of 795,476. The company has a market cap of $1.44 billion, a PE ratio of 15.23 and a beta of 0.11. AMN Healthcare Services has a fifty-two week low of $36.50 and a fifty-two week high of $80.22. The company’s fifty day moving average price is $44.22 and its 200-day moving average price is $51.93. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business’s quarterly revenue was down 25.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.38 earnings per share. On average, research analysts predict that AMN Healthcare Services will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after acquiring an additional 219 shares during the last quarter. Arizona State Retirement System increased its holdings in AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after purchasing an additional 221 shares during the last quarter. Pitcairn Co. increased its holdings in AMN Healthcare Services by 4.2% during the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock worth $384,000 after purchasing an additional 249 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of AMN Healthcare Services by 3.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after purchasing an additional 252 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in shares of AMN Healthcare Services by 4.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock valued at $360,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.