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

AMN Healthcare Services, Inc. (NYSE:AMN) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 4,640,000 shares, a decrease of 11.8% from the July 31st total of 5,260,000 shares. Based on an average trading volume of 778,300 shares, the days-to-cover ratio is presently 6.0 days. Approximately 12.3% of the company’s stock are sold short.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position 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. Boston Partners increased its stake in AMN Healthcare Services by 102.7% during the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock valued at $216,038,000 after purchasing an additional 1,461,541 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of AMN Healthcare Services in the second quarter worth $99,349,000. Thrivent Financial for Lutherans lifted its stake in shares of AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after buying an additional 1,230,543 shares during the period. Finally, Swedbank AB acquired a new stake in shares of AMN Healthcare Services during the first quarter worth $70,617,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Up 0.1 %

AMN traded up $0.07 during trading on Monday, hitting $53.03. The stock had a trading volume of 579,800 shares, compared to its average volume of 777,786. The stock has a 50 day simple moving average of $55.09 and a two-hundred day simple moving average of $56.90. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. AMN Healthcare Services has a twelve month low of $46.74 and a twelve month high of $90.17. The company has a market capitalization of $2.01 billion, a PE ratio of 14.26 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The firm had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. During the same quarter last year, the firm earned $2.38 EPS. The business’s quarterly revenue was down 25.3% on a year-over-year basis. On average, research analysts predict that AMN Healthcare Services will post 3.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMN. BMO Capital Markets upped 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. UBS Group lowered their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America increased their target price on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $67.83.

AMN Healthcare Services Company Profile

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.