AMN Healthcare Services (NYSE:AMN) Rating Reiterated by Benchmark

AMN Healthcare Services (NYSE:AMN)‘s stock had its “hold” rating reissued by equities research analysts at Benchmark in a report issued on Wednesday, Benzinga reports.

Other research analysts have also recently issued reports about the stock. UBS Group cut their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, JMP Securities dropped their target price on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Stock Down 3.5 %

Shares of NYSE AMN opened at $38.38 on Wednesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 10.32 and a beta of 0.12. The company has a 50-day moving average price of $51.87 and a 200-day moving average price of $54.92. AMN Healthcare Services has a 1 year low of $38.23 and a 1 year high of $87.87. 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 issued 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. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. During the same period last year, the company earned $2.38 earnings per share. The business’s revenue was down 25.3% on a year-over-year basis. On average, equities research analysts forecast that AMN Healthcare Services will post 3.26 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Bridgewater Associates LP raised its position in shares of AMN Healthcare Services by 12.2% in the fourth quarter. Bridgewater Associates LP now owns 241,047 shares of the company’s stock valued at $18,050,000 after purchasing an additional 26,300 shares during the period. Tributary Capital Management LLC increased its holdings in AMN Healthcare Services by 20.2% during the 1st quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after acquiring an additional 44,740 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in AMN Healthcare Services by 60.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 289,066 shares of the company’s stock worth $21,645,000 after acquiring an additional 108,657 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in AMN Healthcare Services during the 2nd quarter worth approximately $45,481,000. Finally, Congress Asset Management Co. MA increased its holdings in AMN Healthcare Services by 16.5% during the 4th quarter. Congress Asset Management Co. MA now owns 384,915 shares of the company’s stock worth $28,822,000 after acquiring an additional 54,641 shares during the period. Institutional investors 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.