AMN Healthcare Services Inc (NYSE:AMN) Sees Large Growth in Short Interest

AMN Healthcare Services Inc (NYSE:AMN) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 2,812,579 shares, an increase of 29.5% from the February 26th total of 2,171,679 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average trading volume of 1,158,275 shares, the days-to-cover ratio is presently 2.4 days.

AMN Healthcare Services Stock Down 2.6%

NYSE:AMN traded down $0.49 during trading hours on Tuesday, hitting $18.24. 669,154 shares of the stock traded hands, compared to its average volume of 1,377,657. The firm has a 50 day moving average price of $19.50 and a 200 day moving average price of $18.37. The firm has a market cap of $704.72 million, a price-to-earnings ratio of -7.32, a PEG ratio of 0.77 and a beta of 0.23. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $24.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 19th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $748.23 million during the quarter, compared to analysts’ expectations of $723.11 million. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.AMN Healthcare Services’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Equities research analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMN. Citizens Jmp boosted their target price on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. set a $25.00 price target on AMN Healthcare Services in a research report on Thursday, January 15th. BMO Capital Markets lifted their price target on AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. UBS Group boosted their price objective on AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and a consensus target price of $22.64.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Strengthening Families & Communities LLC boosted its holdings in shares of AMN Healthcare Services by 238.5% during the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after purchasing an additional 1,207 shares during the period. Summit Securities Group LLC acquired a new stake in shares of AMN Healthcare Services during the 4th quarter valued at $32,000. China Universal Asset Management Co. Ltd. grew its holdings in shares of AMN Healthcare Services by 200.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of AMN Healthcare Services by 49.2% in the second 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 during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of AMN Healthcare Services in the third quarter worth $63,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.