AMN Healthcare Services (NYSE:AMN) Shares Down 12.9% – Time to Sell?

AMN Healthcare Services Inc (NYSE:AMN) dropped 12.9% during mid-day trading on Thursday . The stock traded as low as $17.28 and last traded at $17.0190. Approximately 1,561,815 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 1,307,733 shares. The stock had previously closed at $19.54.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMN shares. BMO Capital Markets raised their price objective on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. UBS Group upped their price objective on AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Friday, November 7th. Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a research report on Friday, December 19th. Wall Street Zen upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Citizens Jmp decreased their price objective on shares of AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Friday, December 19th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and a consensus target price of $22.36.

AMN Healthcare Services Price Performance

The company has a 50-day moving average of $17.69 and a 200-day moving average of $18.42. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $625.62 million, a price-to-earnings ratio of -2.27 and a beta of 0.22.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its stake in AMN Healthcare Services by 3.2% in the 2nd quarter. Yousif Capital Management LLC now owns 17,027 shares of the company’s stock worth $352,000 after purchasing an additional 534 shares during the period. Covestor Ltd raised its position in AMN Healthcare Services by 13.9% in the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after buying an additional 579 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in AMN Healthcare Services by 7.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,829 shares of the company’s stock worth $203,000 after acquiring an additional 718 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after acquiring an additional 1,020 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 1,153 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.