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

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

Institutional Trading of AMN Healthcare Services

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of AMN Healthcare Services by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock valued at $268,117,000 after purchasing an additional 37,676 shares during the period. Pacer Advisors Inc. acquired a new stake in AMN Healthcare Services in the 2nd quarter valued at approximately $99,349,000. Thrivent Financial for Lutherans boosted its position in AMN Healthcare Services by 3,753.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after acquiring an additional 1,230,543 shares during the period. Swedbank AB acquired a new position in AMN Healthcare Services during the 1st quarter worth $70,617,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of AMN Healthcare Services by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company’s stock valued at $53,468,000 after purchasing an additional 37,760 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Performance

AMN stock traded down $0.59 during midday trading on Friday, reaching $37.35. The company had a trading volume of 239,492 shares, compared to its average volume of 792,853. The firm has a market capitalization of $1.42 billion, a PE ratio of 14.65 and a beta of 0.11. The stock has a 50 day moving average price of $43.96 and a 200 day moving average price of $51.83. AMN Healthcare Services has a fifty-two week low of $36.50 and a fifty-two week high of $80.22. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN) last released 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 business had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business’s revenue for the quarter was down 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 EPS. Analysts anticipate that AMN Healthcare Services will post 3.15 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on AMN. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reduced their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. Truist Financial dropped their price objective on AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, October 21st. Finally, BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.17.

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.