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

AMN Healthcare Services, Inc. (NYSE:AMN) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 4,200,000 shares, a drop of 18.6% from the October 15th total of 5,160,000 shares. Based on an average trading volume of 896,100 shares, the days-to-cover ratio is currently 4.7 days. Currently, 11.1% of the company’s shares are sold short.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $23.70 on Friday. The company has a fifty day moving average of $39.51 and a two-hundred day moving average of $49.85. The company has a market capitalization of $902.35 million, a PE ratio of 17.17 and a beta of 0.13. AMN Healthcare Services has a 1 year low of $23.37 and a 1 year high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.23.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same quarter last year, the business posted $1.97 EPS. As a group, analysts expect that AMN Healthcare Services will post 3.1 earnings per share for the current year.

Insider Activity at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.93% of the stock is currently owned by company insiders.

Institutional Trading of AMN Healthcare Services

Large investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after buying an additional 2,801,663 shares during the period. Vanguard Group Inc. grew its stake in shares of AMN Healthcare Services by 0.9% in the 1st 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 last quarter. Pacer Advisors Inc. acquired a new position in shares of AMN Healthcare Services in the second quarter valued at approximately $99,349,000. State Street Corp lifted its holdings in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after purchasing an additional 16,075 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in AMN Healthcare Services by 2.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after buying an additional 30,157 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analysts Set New Price Targets

AMN has been the topic of several analyst reports. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. JMP Securities decreased their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. UBS Group dropped their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Truist Financial lowered their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and a consensus target price of $48.33.

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.